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News Link • Government Debt & Financing

Jim Rogers Does "Not See Who Will Buy With The Fed Gone"

From Reuters: Leading investor Jim Rogers said on Thursday he plans to short U.S. Treasury bonds if their price rises much higher. "If the bond goes up another 3 or 4 points, I for one am going to sell it short," he told Reuters Insider in an interview from Singapore, where he is based. Rogers was not specific about which duration bonds he was referring to, beyond mentioning 30-year paper in a comment about what he sees as a coming sell off. "I just think at some point along the line, people are going to realise it's absurd to lend money to the United States government for 30 years in U.S. dollars at 3 or 4 or 5 or 6 percent interest," he said. "I mean the market is just going to give up. Once (the Fed) ... stops buying bonds I'm not sure who's left to buy bonds at that point." The Federal Reserve's asset-purchasing quantitative easing programme is due to end in June.

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