Bonds are not attractive

Marc Faber : “A year ago I said that if the yield on the 10-year Treasury bond dropped to around 3% I would be tempted to short it again. The 10-year now yields 3.2%. You could short the TLT, the iShares Barclays 20+ Year Treasury Bond, an ETF of long-term bonds. It has rallied from 87.30 to 98. If we are in a deflationary environment in the U.S., the Fed will print money again. Therefore, bonds aren’t attractive.”



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