The Tweet That Says It All

Joe Weisenthal tweeted this earlier and I think it sums up the market’s view succinctly:

Crazy disconnect: Treasuries have been a killer trade for ages, yet there’s constant whining about Treasury holders getting screwed. $$

Except for the worst moments of the financial crisis, the yield on the 30-year Treasury bond has been on a constant downtrend for years.

Posted by on May 17th, 2011 at 10:33 am


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