You must be kidding, this equity value should be over $80, its a matter of time. It has build up a base over the past month, and more investors will go in long term as the pivot unfolds in the coming months. Target is $80 by year end. Anything under $50 is a steal, dirt cheap.
There was some movement of capital from overseas, however the US economy is stable and many headwinds seem neutralized, at these levels its a mistake for TLT to keep climbing as the chances of a rate hike are now about 50% in the FALL. Therefore TLT may return to about $115 by year end. This anomaly is temporary. This afternoon watch it slide.