Somethings Gotta Give

Interest rates have shot higher in the past few weeks, which is a major headwind for the economy. The market and interest rates can't both continue to climb indefinitely. I have gone long treasuries by shorting shares of TBT.

5 comments:

Anonymous said...

Why not just buy TLT?

Tsachy Mishal said...

Because the ultra products underperform over time, so I might as well take advantage of that.

caveman said...

wow, interesting move. seems to me rates are going up. tough to bet against it.

Tsachy Mishal said...

In what time frame? Rates could go lower over the next week but higher over the next year.

caveman said...

Medium / long term. 3-6 months. I suppose you're thinking 3-4 weeks or shorter.