Tuesday, 10 May 2011

Jim Rogers may short Treasuries: this afternoon

Influential investment veteran Jim Rogers said on Tuesday he plans to short U.S. Treasuries as soon as this afternoon as he expects the end of quantitative easing to pressure government bonds.

Rogers said he expects the U.S. dollar to rally when the Federal Reserve's unconventional monetary measure ends in June.

"I'm not short bonds yet but I plan to short bonds - maybe this afternoon if I get around to it," Rogers told Reuters Insider television.

Rogers rose to prominence after co-founding the now defunct Quantum Fund with billionaire investor George Soros some four decades ago.

- As Reported by Rueters:

http://www.reuters.com/article/2011/05/10/us-treasuries-rogers-idUSTRE74973S20110510


Like this post? Subscribe to our free gold and silver newsletter