Technical & Trade ViewTLT iShares 20+ Year Treasury Bond ETFTrade View101.13 Target Achieved, New Pattern EmergingBias: Bullish Above Bearish below 99.00TechnicalsPrimary support is 99.00Primary upside objective 102.85Next pattern confirmation, acceptance above 101.50Failure below 99.00 opens a test of 97.9020 Day VWAP bullish, 5 Day VWAP bullishInstitutional InsightsAccording to analysts at Goldman Sachs ‘ Based on our valuation-adjusted estimates of preliminary data from the US Treasury ,foreign investors net purchased long-term US securities in September. Foreign investors net purchased long-term Treasuries and US equities, and net sold long-term US agency securities and corporate bonds. Private sector investors drove flows across asset classes. Japan was the largest net seller of long-term Treasuries in September, on our valuation-adjusted estimates, as the Ministry of Finance Intervened in foreign exchange markets to support the Yen for the first time in 24 years. Our estimates suggest that this was the largest one-month net sale of long-term Treasuries by Japanese investors since the Treasury’s securities holdings data began in 2012(although March 2022 came close). Belgium was the largest net buyer of long-term Treasuries at the country level. At the regional level, Europe and Latin America net purchased long-term USTs while Asia was a net seller’
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