iShares 20+ Year Treasury Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of United States Treasury bonds with remaining maturities greater than 20 years. The Fund seeks to track the investment results of the Barclays U.S. 20+ Year Treasury Bond Index (the Underlying Index), which measures the performance of public obligations of the United States Treasury that have a remaining maturity of 20 or more years. The Underlying Index includes all publicly-issued the United States Treasury securities that have a remaining maturity of greater than or equal to 20 years. BlackRock Fund Advisors serves as investment adviser of the Fund.
My chart is very basic, but it seems like bonds has bounced back from the bottom of long term channel. The recent political events also support it to go higher due to investors are running into safe heaven.
The French election may pull back TLT to the 122 level tomorrow. if it does not break 120. the short term trend is still valid.
A quick update on TLT. RSI is still strong and MACD favors long. Comparing with the similar pattern in 2016, TLT's next target is 130