Interest rates have moved in a 60 year SuperCycle (low to low) going back to the time of Hammurabi in 1750 BC according to Martin Armstrong.  In any case, my long term cycle work shows that interest rates are likely headed higher for at least several more years. If correct, Bond prices (TLT), should be heading lower and that is what my Cycle & TA analysis shows.

I have been shorting them with success using TBT (2x short of TLT).My long term cycle work shows that interest rates are likely headed higher for at least several more years. Bond prices (TLT) then should be heading lower and that is what my Cycle & TA analysis shows. I have been shorting them with success using TBT (2x short of TLT).

https://surfcity.co/2018/05/15/bond-tlt-cycle-update-4/