A sharp three-week rally in government-bond yields looks to have scared many investors. Bloomberg reported Thursday morning that the (ARCA:TLT) had it largest daily outflow in three years on Wednesday.
That selling event looks to be taking place as the yield on the bell weather 30-year bond yield was hitting falling resistance while at the same time, creating a bearish wick.
Big Mistake?
Did the crowd sell a ton of TLT about the time it should have been buying it?