The UK Long Gilt, Britain’s equivalent to the US 10-Year Treasury Note which has a long, tight and stable positive statistical correlation to it, met our January 125.50 upside target on June 14th to capture a 4.1% gain in about 5 months. This target was most recently mentioned in our May 9th Keys To This Week report (access requires subscription).

The also-positively-correlated iShares 20+ Year Treasury Bond ETF (TLT) coincidentally gained $11.81 or 9.4% during the same period while the yield of the benchmark 10-Year Treasury Note declined by 46 basis points to as low as 1.57% on June 16th.
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