adios
07-29-2005, 01:25 PM
FWIW I think so. I don't like to dust off the old crysal ball too much but I think next Friday's employment report will come in with stronger than expected job growth (if not this month, in the second half of the year) and I think slide in long end treasuries will continue and actually accelerate. Definitely take this prediction with a grain of salt. I've been more or less sanguine about yields on the long end but I've turned decididely bearish. Simple reason is that I think the economy is stronger and thus inflation risks are higher than is generally reflected in bond prices. Save this link and see what happens in the next months, could be worth a good laugh /images/graemlins/smile.gif.