TBT is shown here on a weekly chart. It transitioned froma downtrend into the present trend
up two years ago with the initiation of the rate hikes to cut down inflation by hitting its knees.
Inflation was the direct result of the money printing and stimulus as part of the federal
response to the complications of covid and lockdowns. Price is now ascending in a broadening
channel ( a megaphone pattern) reflecting increasing volatility as federal action or inaction
gets priced into buying decisions at treasury auctions. As for me, i will continue to build
a TBT position until it is obvious that the fed has launched an active agenda of rate cuts
which will fortify T-bill prices and make TLT the new runner.