TLT directional thesis
Long-bond prices keep grinding lower as ballooning US debt and no real tax fix force investors to demand more yield to hold 20-plus year Treasuries.
“Like on tax policy, if we keep racking up our debt, it may get us out of the corner today, but is it going to really back us into a corner later on? And this is where Americans need to think a little harder about long-term implications of things.”89:29claim_id
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