Nearly 80% of the responded voted that interests rates will be higher in 2010. Just under 20% thought they would decline.
As I have suggested before 2010 will be classified as a battle between the immovable object and the unstoppable force in the US long bond market. It all boils down to whether price is set by perception or fundamentals. As eluded to in previous commentary about Greece, this problem, like all before, will be pressed until the money is wrung out.
While we haven't see full court press yet, someone is pushing.
Long-Term U.S. Government Bonds Total Return Index (LTGBTRI):
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