Friday, May 10, 2013

Bond Market end of the bull market


I actually took a position being short of the bond market for the first time in a long time. And I'm doing it in an unusual manner. I'm selling the very long end. I'm selling the long bond. I'm buying the 10-year.

I'm short the very long end. I'm long something in the middle. I think you've set it up for the end of the bull market in bonds. I think you've started the beginning of the bear market."