TLT has 50+ billion in assets and is a good proxy for short-term thinking and trading in the bond market. Yesterday, when the poor 20-year auction tanked the bond market, TLT saw huge inflows of 870 million. As the labels show, this was the fourth-largest inflow day since last summer. The three larger inflow days were not particularly good buying opportunities. As the old market saying goes, never try to catch a falling knife. It appears that bond investors, yet again, tried to catch the falling knife. Good luck to these traders