Gary Shilling Expects 10 Year Yield to Drop to 1%

“Few people have been more bullish on government bonds over the last 30 years than Gary Shilling.  So love his advice or hate it, he seems to have a pretty good feel for the government bond markets.  I thoughtthis interview with Forbes was interesting (via Meb Faber). His macro view is always interesting, but it’s also interesting that he thinks junk bonds are a bubble.  In addition, Shilling says the 10 year is going to 1%:

“I’m suggesting 2% on the long bond and 1% on the ten-year….”

Full article