Monday, May 18, 2015

Could professional investors be wrong on US Treasuries

There is nothing unusual about the fact that Big Money Managers are bullish about stocks (83% of them are bullish about European stocks), but what is really remarkable is that only 12% of them are positive about US Treasuries (88% are bearish).

Just remember how many experts lost money shorting JGBs in the last few years. Professional Forecasters have consistently failed to forecast the future yield on Treasury Notes accurately.