LONDON, April 21 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
The Federal Reserve's asset-purchasing quantitative easing
programme is due to end in June.
Ten-year U.S. Treasury bonds US10YT=TWEB are currently
yielding 3.411 percent while 30-year bonds US30YT=TWEB yield
(Editing by Toby Chopra)