Long rates go lower!

Is bond worry all wet? I got caught up in the expectation of a surge in long bond yields, which hasn’t materialized. Being in the deflationary camp, it was a dumb assessment on my part. I think the perennial bond worry-warts have it very wrong again. For sustenance on our deflation view we turn to Van Hoisington and Lacy Hunt.

Hoisington and Hunt are the best there has been for many years on bonds. They toil away quietly at Hoisington Investment Management Company, based in Austin, Texas.