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Yardeni says the 10-year Treasury yield is at its highest in 19 years because the economy is doing great.

MarketRead the original at benzinga.com
Bad for TLT

iShares 20+ Year Treasury Bond ETF fell as long-term yields hit multi-year highs, which reduces the market value of its long-duration holdings. A rally would need war to ease or Treasury action, so downside pressure dominates now.

TLT · iShares 20+ Year Treasury Bond ETF

AI read · Bad for TLT

The AI's read

Rising long-term Treasury yields cut the market value of long-duration bonds that TLT holds. Strong PMI readings and a 10-year yield at multi-year highs pushed yields up, driving TLT lower. The article notes possible support if the Middle East war ends or if the Treasury buys long bonds, but those are conditional and do not change the immediate pressure from higher yields.

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