We did not mean that you should short bonds. Rather there is still time to make money on the long side. At least until the Fed stops supporting the market.
Rather, we meant that it's time to issue bonds. Those of you who have not done so, should consider issuing long dated debt securities.
Interest rates are headed up, and this is the time to take advantage of the opportunity.
* * * * * J B K * * * * *
San Francisco
