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

"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%.
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Comments (2)
  • Garfield23
    , contributor
    Comments (154) | 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 (839) | 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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