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Yes, substantial capital gain if yields fell to, say, 3%. But he doesn't think they'll do that.
They just had a serious capital gain in the last 4 months in the US bond market. The longer the bond, the greater the volatility. The value of 1 bps is greater at 30 years than it is at 5. For a given yield movement, the 30-year will move a lot more than the 10-, 5-, or 3-year.
Bonds - 30-year US Treasury is a OTC stock, trading under the symbol BONDS (previously BONDS-N on Stockchase) on the undefined (undefined). It is usually referred to as or BONDS
In the last year, no analyst issued a Buy, Sell, or Hold rating on BONDS (previously BONDS-N on Stockchase) on Stockchase. Read the latest expert commentary for Bonds - 30-year US Treasury.
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