1977°C

The Riskiness of Bonds

Yes, T-Bones ( that's how I call Treausuries) look overbought but same can be said of Nasdaq or Dow Jones stocks or just any asset like value of your house or value of French perfume (I bought my girl 5 bottles 50ml of Thierry Mugler perfumes called MIRRORS in wooden mirror box, price 130$ per 50 ml bottle in Duty Free airport shopping) which is also crazy overvalued, so what?
I expect T-Bones to stay at current levels (30 years T-Bones futures range 116.5 - 144) as investors will keep counting equities losses and will run to buy bonds, yes it is crazy but already hedge funds go bust shorting bonds so don't try to time this market, keep away, I myself would enter shorts at 144 on 30Y Treasuries futures but with strict stops in place.