“Hedge fund manager Doug Kass disagrees with the notion that the Federal Reserve’s latest round of quantitative easing (QE) will spark a rally for Treasurys.
“I maintain the view that shorting the U.S. fixed-income market is still the trade of the decade,” he writes on Real Money Pro.
The 10-year Treasury yield stood at 1.62 percent Monday, down from 1.77 percent Sept. 13, the day before the Fed announced QE3.”
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