Treasuries Looking Over the Cliff

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While asset class correlations have become somewhat less significant this year than in 2011, it is worth looking at whether money is finally leaving Treasuries. The monthly chart of TLT illustrates that rates are still very low, and have stayed down there at 2008 levels for an extended period of time.

$115 is a big level for TLT, as a close and hold below there should bring in even more sellers and could get things flying over the cliff.

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