The iShares Barclays 20+ Year Treasury Bond Fund (NYSEArca: TLT) was down for the fourth straight session on Monday and has surrendered its 200-day exponential moving average.
Yields on the 10-year note, meanwhile, have managed to climb back above 2% “as speculation European Union finance ministers will make progress to resolve the region’s sovereign-debt crisis reduced demand for the safest securities,” Bloomberg reported Monday.
Ron Coby at Minyanville on Monday called the U.S. bond market a bubble that is perfectly set up to burst. Although the bear call on bonds “has made a lot of famous people look stupid,” Coby added “the air appears to be coming out of the biggest bubble since the dot-com days.”
iShares Barclays 20+ Year Treasury Bond Fund
