Over My Shoulder

Jonathan Carmel: The Long Bond Is Still Cheap

May 30, 2013

Jonathan Carmel, who runs an eponymous hedge fund, graciously gave me permission to share his PowerPoint deck on treasuries. He is bullish and has lined up a real set of reasons why he is. Not commenting on the trade itself, but I and everyone else is trying to figure out when that 30-year bull is over. Hunt and Shilling said not yet. Rosenberg said soon. And Carmel says play it.

Download - Cheap_Even_Under_3.pdf