Little insignificant blogger: Why, because they are valueless or better yet, markers to sublime and unpayable debt obligations destined to ultimately blow up anyone gullible enough to buy and invest in them? Dat why, Bill? Why did you not announce this back when yields were in the dumper and before the technicals on the long term chart hinted that there could at least be a significant chance of reversal in the offing. Why, Bill? I don't get it. But then, you are the bond king so you must know why Treasuries were okay last summer - when folks should have been buying asset markets - but not now.
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