Hey, Tuco, How Are Correlations Running with Respect to Bonds?

When it comes to bonds and rates, correlations look to be running tight-tight-tight today, as TLT is down, meaning rates are higher. And, with that, we have REITs and utilities in the red while regional banks are rallying. 

SPG is the largest IYR component, worth watching for a potential rollover here within the context of an established downtrend. 

If these correlations persist, we should have some nice two-way trading opportunities over the summer now.