Where is Taleb's "uncle" point? Old article (shorting at 3.64% yield) http://www.bloomberg.com/apps/news?pid=newsarchive&sid=azLmks3BmQm4 "It's a no brainer", he said. "Every single human being should have that trade." And I wonder how Kyle Bass is doing with that short JGB position. When does he throw in the towel?
Agree, Treasuries are now a serious risk to capital preservation, you could lose 10-20% in the long end if yields back up. However, they are in a bull market so I don't think shorting them makes sense until they get into parabolic blowoff mode.