Friday, March 11, 2011

Another reason to fear bonds

Uber bond fund manager Bill Gross made the headlines this week as he supposedly dumped all his Treasury holdings. Given the importance of Treasuries to all other US debt, it is a bit like running a zoo and removing all the mammals.

Anyway, here is a chart posted by Matt Blackman in a TA chat room I frequent:
 Maybe this is why Gross did it..

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