$TLT just went ex-dividend and hit an ALL-TIME LOW today. This thing is absolutely brutal—down 19 of the last 26 quarters and down 6 consecutive years.
That's not a dip. That's a structural wipeout. Long-duration bonds have been obliterated by rate policy, inflation fears, and the Fed staying higher for longer than anyone expected.
The chart is a graveyard. No support in sight. If you're long bonds here, you're betting on a hard pivot or recession—and the market isn't pricing either anytime soon.
This is what happens when the trade everyone thought was "safe" turns into a multi-year bleed. Stay aware of where duration risk sits in your portfolio.
That's not a dip. That's a structural wipeout. Long-duration bonds have been obliterated by rate policy, inflation fears, and the Fed staying higher for longer than anyone expected.
The chart is a graveyard. No support in sight. If you're long bonds here, you're betting on a hard pivot or recession—and the market isn't pricing either anytime soon.
This is what happens when the trade everyone thought was "safe" turns into a multi-year bleed. Stay aware of where duration risk sits in your portfolio.