Saturday, January 3, 2009

Large short volume on US treasury

Nearly 10 million shares short, out of 15.6 million floating. Significantly large short interest on the 20+ year US treasury bond ETF means grim sentiment.

Apparently some of the bigger players are betting on the downside, perhaps from speculations of US losing the triple A credit rating, or simply large selling of these bonds due to the negative inflation adjusted return...

This is gonna be some party!

0 Reflections: