I would hesitate to purchase TLT until the new home sales news is fully digested.
Plus, the bonds could decline more until the refunding results are over Thursday afternoon.
Positive is Feds will be QEing with the purchase of 7 year bonds.
But, I am afraid to be on the long side of this trade.
probably not a bad trade. i bought in the gold miners a few weeks ago. it was so beat up nad it has doen well. I think bonds may be hitting a short term bottom. Those two investments seem to be inverse. Gold's short rise may be over along tlt's short term fall.