Thursday, May 24, 2012

 

 
 
 
 
 
Goldman Sachs: It's time to short Treasurys
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Monday, January 23, 2012
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From Zero Hedge:

... From Goldman: "Since the end of last August, we have argued that 10-year U.S. Treasury yields would not be able to sustain levels much below 2% in this cycle. Yields have traded in a tight range around an average 2% since September, including so far into 2012.

We are now of the view that a break to the upside, to 2.25%-2.50%, is likely and recommend going tactically short. Using March 2012 futures contracts, which closed on Friday at $130.08, we would aim for a target of $126.00 and stops on a close above $132.00."

As a reminder, don't do what Goldman says, do what it does, especially when one looks at the firm's...

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More on Treasurys:

Jim Rogers: Buying this is "a terrible mistake"

It could finally be time to bet big on higher interest rates

"Dr. Doom" Marc Faber: You must get out of government bonds

Topics: US_Treasuries | Interest_Rates | Goldman_Sachs
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