U.S. Treasuries are all risk with minimum reward. Yet investors have poured billions into government debt issues that lock in no more than capital preservation for 10, 20, even 30 years.
It amazes me how the mass public always gets most wrongly bullish and bearish at the major extremes. Treasury funds have witnesses massive inflows in recent months. Treasuries may prove to be this decade’s biggest bubble.
The following 50-year chart of the 10-Year T-Note rates is courtesy of the St. Louis Fed:
Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
It amazes me how the mass public always gets most wrongly bullish and bearish at the major extremes. Treasury funds have witnesses massive inflows in recent months. Treasuries may prove to be this decade’s biggest bubble.
The following 50-year chart of the 10-Year T-Note rates is courtesy of the St. Louis Fed:
Disclosure: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.