“I’ve been pounding the table on being long Treasurys,” said Bill Baruch, president of Blue Line Futures, in an interview with CNBC. “I’m looking at the TLT and there may actually be a golden cross down the road where you get the 50-day moving average move out above the 200-day.”
As highlighted by a year-to-date decline of nearly 5%, TLT struggled mightily earlier this year. However, the fund is gaining momentum. TLT is higher by almost 5% this month, extending its fourth-quarter gain to over 3%.
Still, investors appear to need some convincing to embrace TLT. The fund has seen $1.82 billion in fourth-quarter outflows, a total surpassed by just seven other ETFs.
For more trends in fixed income, visit the Fixed Income Channel.