TLT - Daily

155
Remarkable how poorly this has performed.

The 2 / 10 is causing some issues as there is a fear of contagion.

After $12 Trillion in Corporate Junk Issuance to BUY Shares in 2021...

Convention would lead one to assume UST's would be bid in greater size
and yet the Short end is now catching the attention as 2Yr's went off without
a hitch, No Fed, No Need.

The ISsue is the Long end of the Curve is eating itself as it believes Inflation
will be a persistent RISK.

Housing... another issue Globally.

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ZB isn't wrong, nor are the Buyers on Strike with 3 back to back failed auctions.

TLT breaking the 50 with ZN Pointing South require a wait n' see position.

The AO has dipped into Negative territory... while the price struggles to hold.

Neagtive Divergeences abound.
Nota
Failure 7Yr Auction...

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