Earlier this week, the Treasury ETF dropped below its 50-day simple moving average for the first time since April.
Nervous investors have herded into Treasury bonds on concerns over the Eurozone debt crisis and a sluggish U.S. economy. As a result, Treasuries are seen as one of the most overcrowded trades in the market. [Treasury ETFs: Reverse Flight to Safety?]
ProShares UltraShort 20+ Year Treasury Bond
Full disclosure: Tom Lydon’s clients own TLT.