On February 12 and 13, 2025, the iShares 20+ Year Treasury Bond ETF ($TLT) demonstrated notable market activity. Daily calculations indicated that $TLT was a top performer, with a significant short interest of nearly 40% of its shares. Trading volume reached between 2 to 3 billion, reflecting heightened investor engagement. Following a period of losses, $TLT began to recover, showing a +1.6% increase as bond rates decreased and the U.S. dollar weakened. Analysts noted that this was one of $TLT's best trading days since before Thanksgiving, characterized by substantial bond buying. Additionally, a bullish sentiment was observed with the selling of 6,000 March 14th $92 puts at $4.05, suggesting confidence in the bond market's recovery.