In this video, we break down the full 10-year price history of TLT — the iShares 20+ Year Treasury Bond ETF — from 2015 all the way to 2025. This chart is one of the most important stories in modern finance, and most people have no idea what it's telling them. We walk through every major turning point: the Fed rate hike cycle that started in 2018, the epic COVID rally that sent TLT to all-time highs, the fastest rate hike cycle in 40 years that crushed bonds, the all-time low in October 2023, and where we stand today after the Fed finally started cutting rates in September 2024. Whether you hold bonds, ETFs, or you just want to understand how interest rates affect YOUR money — this video is for you. 📚 Want to understand how rare, massive market events like these happen? Check out the Black Swan book linked below — it completely changed how I think about risk and investing. 🔔 SUBSCRIBE for weekly deep dives on markets, money, and financial history. 💎 Join the channel MEMBERSHIP for early access, bonus content, and exclusive market breakdowns. TIMESTAMPS: 0:00 — INTRO 2:35 — How to Read This Chart 06:15 — 2015 to 2018: The Calm Before the Storm 11:10 — 2020 COVID Crash & Historic Rally 13:40 — 2022: The Fastest Rate Hikes in 40 Years 15:15 — October 2023: All-Time Low 20:30 — 2024: Fed Pivot & Rate Cuts Begin 23:43 — Where Are We Now? What Comes Next? 25:00 — Final Thoughts & Call to Action SUBSCRIBE TO CHANNEL HERE for daily stock market views, trades, comments https://www.youtube.com/channel/UCU1Ierna1ylEPgk6oIxHZGw/join Members only video https://www.youtube.com/playlist?list=UUMOU1Ierna1ylEPgk6oIxHZGw Consider joining my free Patreon channel https://www.patreon.com/BLACKSWANEVENTS Collaboration mail : laylanandjp@gmail.com This channel is for entertainment purposes only and the views expressed are my own.