First, let me state that if you are looking for someone who has called the US treasury market correct this past decade, look no further than Lacy Hunt.
I had a nice conversation the other day with Lacy Hunt at Hoisington Investments. We agree on many aspects of the global economy and I have a few excerpts of Hoisington's latest forecast below.
While I have been US treasury bullish (on-and-off ) for years (more on than off), and I can also claim to have never advocated shorting them (in contrast to inflationistas running rampant nearly everywhere), Lacy has correctly been a steadfast unwavering treasury bull throughout.
Will Hoisington catch the turn?
That I cannot answer. However, one look at Japan suggests the actual turn may be a lot further away than people think.
For a viewpoint remarkably different than you will find anywhere else, please consider a few snips from the Hoisington Quarterly Review and Outlook, for the Second Quarter 2012 (not yet publicly posted but may be at any time).
....read this report and more beginning at Abysmal Times Confirm the Research HERE