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  • Stay Away from Treasuries - Barron's [View article]
    I managed to pick up some cheap options on TBT Wednesday AM. Lucky timing more than anything else, but at least I'm starting '09 in the black.

    I think the real concern on TBT / PST is that the Fed has said it expects to keep rates low for a long time. I don't know if I really want to take the other side of that trade. Yields are historically low within the context of the US, but if Japan is at all indicative, yields could get even lower in the next year before the system truly starts to bottom.

    Another thought, when everyone is calling something "the easiest trade of 2009", you'd best be careful.
    Jan 04 18:33 pm |Rating: +3 -1
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