Tokyo Picker

Treasury Bonds: The Short of the Century

This is good for the Obama trade.

1 Go long munis while they're cheap - Obama will give the cities and states grants and loans. Muni CEFs are even better as they're at a huge discount and bored investment bankers will have nothing better to do than turn them into mutual funds.

2 Go short the long bond. Someone's got to pay for this and, let's face it, the kids don't vote.