Posted on 06/05/2009 1:21:48 PM PDT by Kartographer
Investors have been blindsided by one financial catastrophe after another over the last 18 months, but throughout the tumult, the government bond market has been their friend.
Until now.
(Excerpt) Read more at reuters.com ...
The selloff in the U.S. 10 Year Treasuries is a killer. Home mortgage rates will be skyrocketing, and commercial real-estate can be buried now...it’s dead.
Who didn’t see it coming?
You pays your money and you takes your chances.
Now THAT is the question!
So far this year, my partner and I have put on two very short-term trades on TBT (double inverse the Long Term Treasuries) that generated better than 10% gains each in a matter of days. The Fed and the Treasury are locked in: rates have to rise.
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