Browse Symbol Stacks: TLT: long-term-interest-rates-have-not-broken-out-pinocchio-feb-23-1.jpg (1048×662)
Noob question: If you think yields are headed down you would short TLT right?
$TLT represents the cost of buying bonds. It does not represent yields i.e. you would not sell $TLT if you think that yields are going down. You would buy $TLT if you think yields are going down.