In a late November 2024 Barchart article on the U.S. bond market, I highlighted the reasons why long-term rates are not falling with short-term rates. On November 27, 2024, the nearby 30-year Treasury bond futures were at the 119-12 level, with the TLT ETF at $92.90 per share. In early February, the long bond futures were lower at 114-23, and the TLT ETF was trading at $88.25 as long-term rates remained elevated.
Long-term bonds remain under pressure but continue to consolidate
