Source: Fed: Crushing The "Smart" Money's Hopes Since 2009 at Zero Hedge
Apparently the natural instinct is to assume that the Fed will raise rates back towards “normal” levels in the near future. Rate hikes are not coming back for several more years and the Fed may very well signal an extension into 2015 or beyond in the coming months. Attempting to short Treasuries for any period over a couple months is likely to be a losing battle for the foreseeable future.
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