Friday, November 20, 2009

Bond Sentiment: Very Interesting

I am definitely on board with the idea that longer dated Treasury yields are headed lower, and I am beginning to warm up to the idea that this could be meaningful, tradeable move.

Now from the missives of David Rosenberg, we have the Barron's Big Money Poll from Fall, 2009. The most loved asset class: equities. As it turns out, Treasuries are the least loved and the most hated - winning both titles by a long shot. See figure 1.

Figure 1. Barron's Big Money Poll

Very interesting.

6 comments:

Anonymous said...

TLT would be the play?

Guy M. Lerner said...

list of bond ETF's:

TBT
PST
TLT
IEF
TIP
HYG
MUB
LQD
WIP
BWX
AGG
JNK

For our purposes here and as pertains to bonds increasing over time (yields falling), TLT (20 year), IEF (7-10 year), AGG would be appropriate

Anonymous said...

What happened to PST after hours Friday? Down 10%?

Guy M. Lerner said...

I don't know ....that would be great if you are long IEF

RB said...

Jake arrived at the same conclusion here .

Guy M. Lerner said...

RB:

Thanks for the nice link