iShares 20+ Year Treasury Bond ETF (TLT)

TLT (NASDAQ:Financial Services) ETF
pos +0.27
Today's Range: 120.40 - 121.10 | TLT Avg Daily Volume: 8,761,500
Last Update: 03/24/17 - 4:26 PM EDT
Volume: 5,817,410
YTD Performance: 1.25%
Open: $120.53
Previous Close: $120.45
52 Week Range: $118.00 - $143.62
Oustanding Shares: 51,900,000
Market Cap: 6,260,178,000
6-Month Chart
TheStreet Ratings Grade for TLT
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy
Moderate Buy
Moderate Sell
Strong Sell
Mean Rec. 0.00 0.00 0.00 0.00
Latest Dividend: 0.00
Latest Dividend Yield: 0.00%
Dividend Ex-Date: 12/31/69
Price Earnings Ratio: 0.00
Price Earnings Comparisons:
TLT Sector Avg. S&P 500
0.00 0.00 30.30
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
2.39% -5.93% 11.45%
Revenue 0.00 0.00 0.00
Net Income 0.00 0.00 0.00
EPS 0.00 0.00 0.00
Earnings for TLT:
Revenue 0.00B
Average Earnings Estimates

Earnings Estimates data is not available for TLT.

Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
And let's not get too bearish at this point.
After decades of gains, Treasuries are finally set for a sustained decline.
After decades of gains, Treasuries are finally set for a sustained decline.
Keep an eye on the pattern of morning weakness and afternoon strength.

Intermediate Trade: TLT Real Money Pro($)

Consider a bearishly biased put spread on the 20+ year U.S. Treasury bond-tracking ETF.

Here's Where I Put My Trust Real Money Pro($)

Yesterday I wrote a column that suggested the bond market was not modifying an acceleration in domestic economic growth and U.S. corporate profits. 

My View on Bonds Real Money Pro($)

The Fed is behind the curve. Catching up likely won't be friendly to the market. Tax and regulatory reforms from our politicians in Washington, D.C., are likely to provide a lesser and later contribution to economic and profit growth than the consensus expects. This, too, should not be friendly to the market as the hockey stick of expectations likely will fall short of consensus. Are we seeing maximum optimism? After all, investor sentiment is consistent with tops of the past. Indeed, the Market Vane survey of futures traders bullish on the Nasdaq is now at 90% -- that's a three-decade high. Overbought, for sure, with new all-time highs in each of the last eight trading days; this is a similar skein of new highs from Dec. 5-13, 2016. That was the end of the short-term run, as on Dec. 13 we came close to 20,000 on the Dow Jones Industrial Average but didn't eclipse it for another five weeks. And look at the average CBOE put/call for last week -- a lowly 0.80. Again, the last time this printed at that level was Dec. 13! While not a good timing tool, certain market valuation metrics are now in the 98% decile. There remains a bull market in complacency, as judged by how few expect a meaningful market drawdown and how many want to buy the dip. If this market resembled a normal market I would say (and bet on) that we are in the blow-off phase right now, but there ain't anything normal with Wall Street or Washington, D.C., these days! History may not repeat itself, but it certainly often rhymes.
This could put tremendous buying pressure on prices, leading to a potentially massive rally.
The U.S. dollar weakened. The price of crude oil rose by about two bits to $51.40. Gold fell by $8 to $1,203. I am buyer, to replace the half position I sold soon. Ag commodities: wheat down $0.08, corn up $0.02, soybean down $0.05 and oats up $0.01. Lumber was flat. For the second day in a row bonds got schmeissed iShares Barclays 20+ Yr Treas.Bond ETF (TLT) down over a beaner, again. (Good sale in fixed income last week!) The 10-year bond yield rose by 7 basis points to 2.46%. The long bond yield rose by 5 basis points. The 2s/10s expanded by 4 basis points to about 124 basis points. Municipals got hit and so did closed-end muni-bond funds. High yield was junky - but Blackstone / GSO Strategic Credit Fund (BGB) rose by a penny. Banks continue to be sold for a second day in a row -- despite much higher bond yields and lower bond prices. Crickets from financial bulls -- who seem to rationalize the large move this week and lack of correlation to bonds as a random act. Our "Trade of the Week" (short C) is now down by 5.5% or $3 since the trade was discussed in my Diary. Retail remains for sale. But my view is that a sentiment extreme is developing. Insurance stocks got whacked, including fav Hartford Financial (HIG) . Brokerages got hit, too. Goldman Sachs (GS) , put on Best Ideas List last week at $242, is down to $231. Biotech was lower, but not materially so (Celgene (CELG) , Allergan (AGN) lower). Hwwever, spec biotech roiled to the downside (Intrexon (XON) , Ziopharm Oncology (ZIOP) , Acadia Pharmaceuticals (ACAD) , Aerie Pharmaceuticals (AERI) ). Autos mixed. Ford (F) up, General Motors (GM) down. Good for our
Bonds and bond-equivalent stocks (REITs, utilities and consumer staples) act well -- as concerns about the possible timing of fiscal stimulation (not surprisingly) surface. Notes and bond yields are about 3 basis points lower in today's session -- at the low this morning they were down 6 basis points. iShares Barclays 20+ Yr Treas.Bond ETF (TLT) up a little less than a beaner. Retail better on a more defined probability (lower) of a border tariff tax. J.C. Penney (JCP) , Target (TGT) , Walmart (WMT) , Kohl's (KSS) and Norstrom's (JWN) leading the way. Energy stocks stronger (on a higher crude oil price) -- Schlumberger (SLB) Exxon Mobil (XOM) are up. Hartford Financial (HIG) a standout in the insurance space. Added to this name. Campbell Soup (CPB) continues to exhibit good absolute and relative price action. I Love Gold! And I have added to SPDR Gold Trust ETF (GLD) . Oaktree Capital (OAK) up for the fifth day in a row (but modestly so). I have added to The Mighty Oak. Oil up $0.60. Gold up $17.60! The Bad Brokerage, banks and insurance are stinking up the joint. A good thing, as I am short Goldman Sachs (GS) (a recent Best Ideas List short), Bank of America (BAC) , Citigroup (C) , JP Morgan Chase (JPM) ,


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