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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (5933)1/23/2004 10:26:22 AM
From: yard_man  Read Replies (1) | Respond to of 110194
 
it's already TOO LATE for bond bears, mish, IMO. below 3.95 we are going to get a series of lower lows ...

people can squawk all day long about it being unfair -- how it doesn't reflect inflation -- how the economy would blow up if we get higher rates, etc ...

I expect when we get around TNX = 3.70 or so -- defaults on junk is going to become a concern and counter to what people think, this will force even more buying of treasury debt.