TLT, IEF, TIP Breakout Before Debt Limit Vote Deadline (August 2)

Here are a few updates on what the hell's going on with the debt ceiling debate, followed by charts of TLT, IEF and TIP which all broke out on Friday (20 Year+ Treasury Bond Fund ETF, 7-10 Year Treasury Bond Fund ETF, and the Treasury Inflation Protected Securities Fund ETF). With Treasury Bond ETFs moving up that means rates are moving lower. TIP is a hedge against a rising CPI (consumer price index). What does all of this mean people? For live updates I embedded a live Twitter search widget for 'debt limit'. Check out the charts after the jump.

Moody's thinks the U.S. won't default on its debt and will keep its Aaa rating, but could get a negative outlook (AP at Yahoo Finance):

"The credit rating agency said it thinks that even if the nation's $14.3 trillion borrowing limit isn't raised by Tuesday's deadline, the government would give priority to making interest payments on its debt and thereby avoid a default."

iShares Barclays TIPS Bond Fund (

iShares Barclays 7-10 Year Treasury Bond Fund (

iShares Barclays 20+ Treasury Bond Fund (

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