Replies to post #704 on Ishares Trust Barclays 20plus Treasury Bond ETF (TLT)

[DownWithPumpers]

TLT tends to rally on Fed rate hikes. Fed raised rates June 30th, 2004:

http://finance.yahoo.com/q/hp?s=TLT&a=05&b=25&c=2004&d=06&e=5&f=2004&g=d

When the Fed raises rates the yield curve tends to flatten, not go up.