US Government Bonds were very strong on Friday into the Big Selloff in Equities

TLT vs SPX 12.10.15

Mortgage rates had a nice day and this is encouraging given the reality that the FED will most likely be moving short term interest rates higher on the 16th at their next FOMC meeting.  When the world starts to panic most investors turn to the safety of our bond market.  This chart shows the opposite flows for the S&P 500 vs the TLT, the ETF for the medium term Government Bonds.

 

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