u/LongQualityEquities

Short TLT is a no-brainer for non-US investors

For non-US investors with substantial dollar-denominated holdings, shorting TLT is a hedge against medium-term dollar weakness and unsustainable long-term treasury rate support. The author argues that USD inflows are at historical highs and likely to normalize, structural fiscal deficits will eventually force treasury net sales, and the DXY is positioned for decline, making TLT downside likely.