There was a day when sovereign Italian and Spanish Treasuries were deemed supremely safe. While some might argue that they were safe when these countries had the ability to print their own money, another might argue that scores of sovereignties eventually defaulted after having done so.
The bottom line? Bond funds infrequently trade more than 10% above a 200-day trendline. When they do, they tend to pull back to the mean shortly thereafter. If you own TLT, make sure to
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