U.S. Treasury bond prices, represented by the iShares 20+ Year Treasury Bond ETF ($TLT), saw notable gains on December 2, 2024, with the ETF rising by 0.3% as yields decreased. Analysts suggest that a peak in interest rates may have been reached, which could benefit stock markets as the month progresses towards December options expiration. The absence of bond auctions this week has also contributed to the upward movement in bond prices. Overall, the sentiment among traders indicates a bullish outlook for $TLT, with expectations for continued increases in the near term.