Ruh Roh! Long treasury bonds are sinking.Posted: October 28, 2010
As my colleague Duru pointed out to me the other day, the long bond is looking a little sickly lately. Indeed, the iShares Barclays 20+Year Treasury Bond Fund (ticker: TLT) is down nearly 10 percent since its late August 2010 highs:
The bond market is not betting on deflation–at least not in the long run.