Why Greenspan Is Wrong About Bonds
Even if inflation ticks up, it's unlikely to spell an end to the rally.
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The longest-dated U.S. government bonds have fallen out of favor in recent weeks.
The debt just posted its biggest monthly loss in more than a year, with one Canadian company selling 90 percent of its longer-maturity Treasuries ahead of the U.S. presidential election. And on Monday, former Federal Reserve Chairman Alan Greenspan predicted that the bonds are poised for a significant selloff, with yields potentially doubling to historic levels of up to 5 percent.