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As the other person mentioned, last year the FED raised rates multiple times (https://tradingeconomics.com/united-states/interest-rate) and made statements that indicated they were going to continue to do so. Then the economy started having some issues, the current administration is strongly against raising rates, and the fed began making statements they were going to slow down or stop raising the rates.

A lot of investments are based on expectations so people stopped selling bonds and began buying again and the fund (IEF is 7-10 year duration treasuries) rose in price. QTAA compares the fund price at the end of the month to an average (usually 10 month simple moving average).

Generally when rates are going to go down people buy longer duration bonds that have higher interest rates, When rates go up, those funds drop in price since they are paying less interest than the newer issued bonds/treasuries would.

Rich
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