‘2019 Has Been A Rollercoaster’: Duration ‘Round Trip’ Now Complete, Risk Is Trade Deal Falls Through

By the time it was all said and done, this was the second worst week for the long bond ETF since the election. TLT collapsed more than 4% over the last five days. The only week worse than this one for the product (dating back to November 2016) was the meltdown in early September, when yields surged off the August nadir. You can thank trade optimism for the bond selloff, but supply played a role, as did CTA de-leveraging and the spillover from a similar rout overseas, although that latter bit i