"So bonds (TLT, TBT) come out of their coffin and it's not even Halloween," tweets Bill Gross...


"So bonds (TLT, TBT) come out of their coffin and it's not even Halloween," tweets Bill Gross (BOND). "Bernanke says follow the policy rate and we agree. 2016 tightening at the earliest." Treasurys completed one of their biggest two-week rallies in a year last week as Bernanke assured investors the Fed has not yet decided to begin tapering asset purchases. January 2016 Fed Funds futures are pricing in nearly 100 bps of rate hikes between now and then.

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Comments (6)
  • rwalton401
    , contributor
    Comments (14) | Send Message
     
    I doubt that the economy will be strong enough for years - if ever - to stop printing money. I hope that I am wrong, but only an idiot dumps gold when the Treasury is printing $85 billion in curreny each month! Lots of luck to those that believe the dollar will continue to be strong when the FED treats it as it is and our government is acting like trillion $ deficits will be with us as far as the eye can see......
    21 Jul 2013, 09:59 PM Reply Like
  • zarni
    , contributor
    Comments (5) | Send Message
     
    US is bankrupt. no thanks on the bonds. they may be out of the coffin but not out of the grave....
    21 Jul 2013, 10:37 PM Reply Like
  • Herb Smith
    , contributor
    Comments (554) | Send Message
     
    No, the US is not bankrupt. It owns hugely valuable assets that likely exceed the value of its debt. Further, its debt service is can be sustained, especially when the economy returns to full employment.
    9 Aug 2013, 01:39 PM Reply Like
  • adenovir
    , contributor
    Comments (36) | Send Message
     
    Except that we've left the trillion dollar deficits behind.
    21 Jul 2013, 11:10 PM Reply Like
  • notta lackey
    , contributor
    Comments (131) | Send Message
     
    I am aware of this fact which seems to have escaped everyone else. However, it may be an anomaly with sequester,etc. I don't expect it to last.
    22 Jul 2013, 01:52 PM Reply Like
  • BetaBean
    , contributor
    Comment (1) | Send Message
     
    Cant go bankrupt when you can continuously keep printing dollars.
    22 Jul 2013, 01:54 AM Reply Like
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