GeorgeF
04-13-2005, 08:47 PM
Van Hoisington and Lacy Hunt think the bond bull is intact (perhaps it's that Texas sun beating down on their heads?). Long term interest rates to go to 3% (just like it did 1870-1950). They have a mutual fund that invests in (you guessed it) long term US tresuries WHOSX. They are unfazed by little things like inflation, currency fluctuations, or the idea that short term rates might go higher than long term rates.
http://www.hoisingtonmgt.com/HIM2005Q1NP.pdf
http://www.hoisingtonmgt.com/HIM2005Q1NP.pdf