"It's been an expensive wait" for bond bears, write the stalwart bond bulls at Hoisington...
"It's been an expensive wait" for bond bears, write the stalwart bond bulls at Hoisington Management. Rates may rise periodically, they say, but an "insufficiency of demand" caused by over-indebtedness assures they won't stay up for long. Higher taxes just agreed to in D.C. (not to mention CA) make the bull case on Treasurys even stronger.
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