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Kass: Sell Bonds Short
This blog post originally appeared on RealMoney Silver on Jan. 16 at 7:32 a.m. EST.
The bond market is in a bubble that is reminiscent of (and quite possibly as extreme as) other bubbles during previous eras.
From my perch, the only issue is the timing of this trade.
Surprisingly, today's 3.68% yield on the 10-year U.S. note is lower than the yield during the recession of 2001. This low yield appears to be artificially affected by a number of temporary and backward-looking factors.
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Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
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37.61
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10 Yr
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