“Some day interest rates will go up. Until then the Treasury bears are missing one of the greatest bond rallies in history.” — Jim Bianco, Bianco Research
“Since 2015 began, everyone has been fixated on the U.S. dollar and oil prices. I want to direct your attention to what may be the greatest show now playing in financial markets: The 30-year U.S. Treasury bond.
The chart above, courtesy of Bianco Research, shows the year-to-date returns of the long bond during each of the past 40 years. Never has the 30-year Treasury, depicted by the blue line, had a stronger start to a new year going back to 1974.”
Read more: http://www.bloombergview.com/articles/2015-02-04/the-unloved-treasury-rally (kudos: @ritholtz)