TLT didn't take after the report. Tanked after the failed 30 year bond auction. Results where shared at 1pm. No one wants government debt from a country running at 4%+ inflation, 7%+ annual deficit, paying 4.5%.
Fair market value of long term US government debt now seems to be ~6%. If a recession hits and inflation gets down to 2%then 4% is fair. If QE starts again then 2-3%.
TLT didn't take after the report. Tanked after the failed 30 year bond auction. Results where shared at 1pm. No one wants government debt from a country running at 4%+ inflation, 7%+ annual deficit, paying 4.5%.
Fair market value of long term US government debt now seems to be ~6%. If a recession hits and inflation gets down to 2%then 4% is fair. If QE starts again then 2-3%.