Marc Faber: Treasury bonds will collapse
Wednesday, March 31, 2010Advertisement
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From Newsmax: Treasury bond prices will collapse, sending yields up to a range of 10 percent to 20 percent during the next five to 10 years, as inflation and supply explode, says investment guru Marc Faber.Treasuries have performed well so far this year, with the 10-year yield dipping to 3.64 percent from 3.85 percent at the end of 2009.But with the Federal Reserve printing money like it’s going out of style, and the government issuing trillions of dollars in new bonds to fund the mushrooming debt burden, that rally will soon end...More from Marc Faber:
Wednesday, 31 March 2010
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