Stanley Druckenmiller on the Possibility of a U.S. Treasury Default

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The Wall Street Journal landed a very rare interview with investing legend Stanley Druckenmiller last weekend (who you may remember from Jack Schwager’s classic The New Market Wizards: Conversations with America’s Top Traders.). When asked about the US fiscal mess, and possibility of a technical default, he gave his take: “Here are your two options: piece […]

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On Friday, while writing about the big “Bill Gross is out of US bonds” news, I mused that now might be a good time to take a flyer on Treasuries: Sentiment is so bearish on the Long Bond that I’d expect prices to get at least a short-term pop of sorts.  It’s been a rapid rise […]

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Bill Gross is OUT of US Treasuries: Bill Gross, founder and co-chief investment officer of Newport Beach, Calif.-based Pacific Investment Management Co. has emptied Pimco’s Total Return Fund, the world’s biggest bond fund, of its U.S. government-related holdings, including Treasury debt, the company disclosed on Wednesday. Source: MarketWatch The Bond King has expressed concern about […]

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