September 17, 2014

10 Year note to 2.75 percent by end of 2014

Despite protestations for lower interest rates (from many who saw higher rates eight months ago), the yield on the 10-year U.S. note is climbing further this morning and is approaching 2.60%.

As I suggested when I put ProShares Short 20+ Year Treasury  (TBF) on the Best Ideas list at $27.21 two weeks ago (now trading at $28.32), I expect the 10-year U.S. note yield to approximate 2.75% at year's end.

I view my short bond position as a multiple year play. 

Doug Kass was was long TBF at time of original post.