Correct. $UST10Y at stockcharts.com is where you can track the actual yield on the 10 year.
Got it. I guess it's the "yields" on the 10 year that I'm hearing about everyday
tjones6111 said: Sean, maybe I'm clueless as to how bonds work, but if TLT is in a downtrend, why is the market freaking out about the "rise" in bonds?
There is no rise in bonds. TLT tracks bond prices. What they're concerned about is the rise in interest rates (which bond yields tend to reflect as well). As bond prices go down (bear market in bonds), bond yields go up. So right now, we're likely starting BOTH a bear market in bonds AND a bear market potentially, in stocks as well.
Sean, maybe I'm clueless as to how bonds work, but if TLT is in a downtrend, why is the market freaking out about the "rise" in bonds?
Each quarter, the "big boys" in the market have to report their positions because they're so large. Once those reports are made public, it shows what stocks they're adding to or reducing their exposure in and what stocks they've recently bought or completely sold out of.