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"This idea that the bond rally is dead ... is incorrect," says Dan Greenhaus, commenting on...

"This idea that the bond rally is dead ... is incorrect," says Dan Greenhaus, commenting on strong demand at today's 2-year note auction. The bid/offer ratio of 3.69 beat the recent average of 3.53 and the average yield of 0.34% was lower than expectations. The long end likes the news too, the 30-year -4 bps to 3.3%, the 10-year -6 bps to 2.19%. TLT +0.8%.
Comments (2)
  • Garfield23
    , contributor
    Comments (162) | Send Message
     
    Alby, be professional! - bc the trade is not going your way and treasuries prices are rallying and will continue to rally doesn't mean you have to call people names.
    28 Mar 2012, 01:43 PM Reply Like
  • AlbyVA
    , contributor
    Comments (567) | Send Message
     
    The Truth hurts. Somebody hyping that US Treasuries are safe is on par with somebody hyping that buying [pets.com] in 2000.

     

    Every treasury except the 30yr has a negative real yield. Inflation is eating the lunch of anybody buying Treasuries. With a country approaching 100% Debt to GDP, 2/3rds of its debt having to be rolled every 5/yrs on average, and a money supply which has more than doubled, is a receipt for disaster. And yet jokers run around talking about Treasuries being a safe investment and will go higher? Who are they kidding. Its a timebomb waiting to explode.
    29 Mar 2012, 08:27 AM Reply Like
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