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Takeaway: We're sticking with TLT.

If you’re bullish, you should be bullish on the Long Bond.

 

It’s crushing every major US equity index YTD (Russell 2000 is in negative territory for 2014: -0.70%). The 10-year yield has immediate term downside to 2.34% into Janet Yellen’s “pushing out the dots” in Jackson Hole.

 

Long the Long Bond: Hedgeye Reiterates Our Call on $TLT - Staying Long TLT