10 yr's yield lower than 2.6% while you can get 2 yr APY 2% at bank, which one you will choose. That's why I call TLT is a piece of junk. FED is playing crazy game now. When I have time, I will explain what is paradox of thrift.
Lending to US government at 2.6 percent for 10 years is a great way to become a millionaire - if you’re already a billionaire.
I have the same set up, keeping both long and short. But I am biase to the short side, and hoping to get out of long with some gain and keep the short.