Thursday, December 16, 2010

Bond Ghouls Back?

Frank Cross: "I get it. You're here to show me my past, and I'm supposed to get all dully eyed and mushy. Well forget it pal. You got the wrong guy."
Ghost of Christmas Past: "That's exactly what Attila the Hun said. But when he saw his mother...Niagara Falls."
--Scrooged

Long bond yields worldwide have been backing up in the face of the Fed's QE2 rate buy down program.


Hard not to wonder whether we aren't witnessing the return of the long lost bond vigilantes...

position in TLT

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