August 18, 2023

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Hedge Funds Win

Please click here for a chart of 20+ Year Treasury Bond ETF TLT.

Note the following:

• The chart shows that the long bond ETF has fallen to the top band of the support zone.
• Bonds trade inverse to the yield.
• We have been sharing with you in the Capsules that yields at the long end are rising.
• Unless you have been under a rock, you know that over the last few months there has been a chorus of asset allocators in the media singing a song of buying long term bonds.