you got to be kidding.
TLT will hit 85 within three to six months in my opinion.
The premise that this cannot keep on going going down is not correct.
Do not throw good money away for bad.
Of course it can go up a bit, but if you look at what has been going on with QE, there is a LOT of unwinding to be done,
I am in heavy in TBT, and have some in TMV, and DTO.
Reason is that we are slowly improving in our economy we are not in crises mode to keep buying treasury bonds.
Since this loss of value will cause others to sell, not only will interest rates go up to 5 -6 % as they should, they may even over shoot due to tight compression and fear that has over valued treasuries.
Just look at the chart , my friend , if you are long TLT , would run for the hills!!
every opportunity , I become more leveraged against TLT.