Friday, September 20, 2013

I am negative about Government Bonds & I think that Yields will go up and that eventually there will be Sovereign Default


Will the 10-year yield float back up to where it was before the Fed’s speech?

Marc Faber: ”I will confess to you, longer-term, I am of course, negative about government bonds and i think that yields will go up and that eventually there will be sovereign default. But in the last few days, when yields went to 2.9% and 3% on the 10-year for the first time in years i bought some treasuries because I have the view that they overshot and that they could ease down to around 2.2% to 2.5% because the economy is much weaker than people think…I think in the next three months or so.”
  in Bloomberg News Click Here to Watch the Full Interview >>>>


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

LinkWithin

Related Posts Plugin for WordPress, Blogger...