Michael Platt from BlueCrest Capital Management.(Bloomberg video) When asked about the safety of US Government debt, he comments on the 30 year bond..
“I’m not going US Goverment bonds, it’s very interesting I had a dinner once with a guy who wrote a book when US yields were 15% in 30 years and everyone uniformly hated the bond market, and he described the market as the buy of a lifetime. He sold 170 copies, nobody wanted to know at 15%. Now were down here at these kind of yields ya know what, nobody wants to hear about being short, and it just feels kinda very similar.”
