ultra short 20 year bonds........ stock market up bonds down yields up oil up gold up use down stagflation.........
sold TBT at 80... been playing this for awhile, wouldn't buy it again till it hits its 52 week lows and than some.
the grexit is still possible plus other scenarios, going into the fall we will see credit markets surge secondary to volatility and prevailing deflation.
realistically look at world credit yields in Japan, Germany and other markets. If US bonds/notes approach those yields what would TBT be trading at?