$TLT Hammered to Lowest Price Since December, Down Nearly 5% in Three Weeks

The $TLT, a measure of long-term U.S. treasury bonds, has experienced a significant downturn, reaching its lowest price since early December after being hammered the past 2 days. Over the past three weeks, it has fallen nearly 5%. This decline comes ahead of key economic indicators, with an expected move to April 26th of about 2.6% at approximately 14IV, factoring in the upcoming Non-Farm Payrolls (NFP) this week and Consumer Price Index (CPI) next week.