The action in Treasurys through 2011 and thus far this year reminds Jim Leaviss of 1993-94, where 2011 (1993) proved wonderful only to have things crash down in 2012 (1994). One key difference: "There's no way that central banks are going to hike rates this year is there?" TLT -8.5% YTD after rising 28.8% in 2011.
The action in Treasurys through 2011 and thus far this year reminds Jim Leaviss of 1993-94,...
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