Another high-profile investor is readying a short bet against U.S. Treasury bonds if prices continue to rise.
Noted investor Jim Rogers on Thursday said he plans to sell short Treasury bonds if their prices keep climbing. An investor who shorts bonds profits when their prices decline and yields rise.
There is a growing chorus that the multi-decade bull rally in Treasury bonds is coming to an end on worries over the huge debt burden.
Earlier this month, news broke that Bill Gross had initiated a short position in U.S. government debt in PIMCO Total Return Fund. Separately, PIMCO has filed for an exchange traded fund (ETF) version of Total Return Fund.