Tuesday, June 5, 2007
For old time's sake... Bond herd getting that glassy look in their eyes again. Disorientation soon to follow and finally, shearing. We no longer hate bonds as much as a few months ago, but are in no hurry to buy either. Maybe a few treasuries as portfolio diversifiers (and income) after most sheep have jumped out of the trees somewhere over 5% on the 10 year?