Itâs 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, whoâs 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 worldâs biggest financial bubbles, adding that buying Treasuries âis ...
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