Treasury haters gonna hate no matter the losses

It’s apparently a lot of fun to bet against U.S. Treasuries. So much fun, in fact, that traders just keep doing it, regardless of how much money they lose in the process. Michael Hasenstab is a good example of this. The well-known Franklin Templeton bond-fund manager, who’s known for his contrarian wagers, reaffirmed his dislike of the government debt in a Bloomberg Television interview this week. He called the debt one of the world’s biggest financial bubbles, adding that buying Treasuries “is ...

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