Why Aren’t Long Term Interest Rates Skyrocketing? A Look At “The Cursed Trade”

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Has any trade over the last few years frustrated more sophisticated investors than the “one-way” bet on rising long-term government interest rates? For the last 2 or 3 years, many (including myself) have been piling into ETFs (like TBT) that act as short proxies for rising long term interest rates.  And the logic has been so sound, […]

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