“If I had a choice between holding a US Treasury bond or a hot burning coal in my hand, I would choose the coal. At least that way I would only lose my hand,” The legend that is Tudor Jones.
Well of course he’d say that. Bill Gross called it lower a little while ago – let’s not forget. He did have the advantage of heading up Pimco – now i’m wondering if they know anything about bonds.
Well over 1 trillion USD says they might.