Bond Report: TLT ETF

In today’s big bond report: the TLT ETF is our focus as treasury prices rallied higher today – further pressuring yields or interest rates lower. The main catalyst was from the Federal Reserve’s last policy meeting showing that officials believe the recovery is going to expand at a slow rate while unemployment will continue to remain high – not good right.

Per the TLT chart, you can clearly see that it’s trading smoothly inside a major channel. The next move will likely continue higher as more investors rush to buy up bonds.