Daily Archives: March 3, 2026
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12Nov3:31 pmEST
Why the Pain Trade in Rates is Still Higher
Yesterday was a bond market holiday. However, TLT (ETF for Treasuries) still traded. In previous years I have seen bond bulls use this opportunity as a free pass of sorts to rally the ETF (as this ETF goes up, rates go down, generally speaking). But that did not happen yesterday on Veterans Day. And now today we have TLT in the midst of...











