7/30/2012

Covering Most of iShares Barclays 20+Year Treasury Bond

The short of iShares Barclays 20+ Year Treasury Bond (TLT) is our one remaining true short of any size but with the distress in the issue the past few weeks, I am going to cover here, and see if there can be an oversold bounce in the next week to re-engage. Frankly I am not sure what would cause a bounce, since the US has no viable plan to act responsibly and continues to issue debt as if it's going out of style, but for a "slow money" trade (much like a currency) it's moved quite a bit in 3 weeks.

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