Gov’t bonds look to be in trouble

As long as the TLT remains “stuck” below the 200 day moving average, watch out!.  I have been watching aggressive offers in the last week.  If you are leveraged long the long bond (i.e. banks) you need a head examination.  Going short.  Target is recent low at 88.50 and below that, who knows.  Stop out above TLT 97-97.50.  Gov’t has reached their credit card limit.

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