A TBT Prozac Moment

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TBT doesn't normally cause heart palpitations but Thursday it dropped 1.5% in 5 minutes before rebounding back to parity in another 5 minutes on equal big volume bars.  TLT was the exact opposite action. And you thought you were trading on a level playing field.  This was 10 minutes BEFORE the FED announced that it sold $13 billion in 10 year TIPS at a .639% yield as part of their $66 billion divestiture this week. Looking to Zero Hedge for the Rest of the Story on that one.  Next week the FED will dump $99 billion in bonds which is going to put a damper on TLT upward momentum, discounting the usual intervening surprises.

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