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Jim Rogers Says He’s Shorting 30-Year Treasury

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Deepanshu Bagchee
CNBC
July 4, 2011

Jim Rogers, the noted commodity bull, is shorting the 30-year U.S. government bonds and may consider shorting the 5 and 10-year bonds as well, he told CNBC on Monday.

Rogers says the Treasurys market is one of the few bubbles that he sees in the world today.

“I cannot imagine or conceive lending money to the United States government for 30-years at 3, 4, 5 or 6 percent —you pick a number — in U.S. dollars,” he said.

But he acknowledges that Treasury prices could rally further, given growing uncertainties about a U.S. economic recovery. “There may be rallies, I may be forced to cover, I probably will cover somewhere along the line, but I’m short the bond and plan somewhere in the next week, month or year to short a lot of them.”

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This article was posted: Monday, July 4, 2011 at 8:25 am





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