If the bond goes up another 3 or 4 points, I for one am going to sell it short.
I just think at some point along the line, people are going to realise it's absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest.
I mean the market is just going to give up. Once the Federal Reserve stops buying bonds I'm not sure who's left to buy bonds at that point. - in Reuters Insider
Related: iShares Barclays 20+ Yr Treas.Bond (ETF) (TLT) , ProShares UltraShort 20+ Year Trea (ETF) (TBT)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
