$iShares 20+ Year Treasury Bond ETF(TLT)$
$TLT bullish price action
Broke out of the downtrend channel and above the overlying resistance at $92.
RSI nowhere near oversold.
MACD turns positive.
Good chance to see some gains towards $96 next
TLT Return to $100 Amid Rate Cut Expectations?
On June 5, the Bank of Canada cut the overnight rate by 0.25%, lowering the base rate from 5% to 4.75% for the first time in four years.
This rate cut has led the market to expect that the European Central Bank and the Federal Reserve will also cut rates. US Treasury bond ETFs TLT and TMF have risen by 3% and 10% this week.
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Is now a good time to buy TLT?
Which other stocks would benefit from rate cuts?
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