20+ Year US Treasuries
Investment Thesis
TLT is in a confirmed Death Cross, trading below both the 50-day ($87.16) and 200-day ($88.18) SMAs with MACD in bearish territory. After breaking the $85.70 near-term support on elevated volume, the next stop is the 52-week low at $83.97 — and likely below it toward $82.50.
Catalysts to Watch
TLT broke below the $85.70 near-term support cluster on May 4th on volume ~27M shares (vs. typical 14–20M), printing a fresh multi-month low and extending the confirmed Death Cross downtrend.
Why It May Work
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Timeline
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