Private Wealth guys with large bond Portfolios…
Some of you bought TBT’s as a partial hedge against your long portfolios below 25. It is unknown at this time whether we take another stab at very low rates with a stock sell off. This is a very likely scenario, however WE WILL BE ADDING to this position on a “close” over 26. This will likely match up with the 136 area in the SEP Bonds.
Investors not already involved should do this trade.
