iShares 20+ Year Treasury Bond ETF
target weight-5.21%
directionShort
roleInverse Expression
5.21% short, down from 5.24% (-0.6%). Near-flat: 
Hawkish Warsh regime and higher-for-longer eased 0.94 to 0.91 and the alignment eased its short a point, offset by 
Stagflation risk and Fed independence stress firming to 0.89. Driver-union dedup: inflation-debasement is shared, counted once at Stagflation risk and Fed independence stress; rate-path is shared, counted once at Hawkish Warsh regime and higher-for-longer; monetary-credibility is shared, counted once at Hawkish Warsh regime and higher-for-longer, while its other channels add.
vs 1.1.6+0.00 —
Theses funding this position
Every thesis whose alignment contributed weight here; edge weight is the thesis own confidence.
- held security
iShares 20+ Year Treasury Bond ETF- holding direction
Short- holding role
Inverse Expression- serves thesis
- Stagflation risk and Fed independence stress, Hawkish Warsh regime and higher-for-longer