However most bond holders (not traders) don’t purchase them for appreciation, but rather income.
Depends on the investor. I doubt China buys UST debt for the income.
As with everything else said in this thread there are more caveats than certainties.
Least certain of all is the availability of a personality that can see the switch and react accordingly. I made money hand over fist in 2008, when everyone else was losing it. However I just didn’t believe in a turn around. I thought people were smarter than that. I was wrong.
Josh
