Browse Stacks: Business: Interest Rates: hasenstab 10Y.jpg (1069×665)

4/21/20

Michael Hasenstab Finally Ends His Bet Against U.S. Treasuries 
April 21 2020, Bloomberg 
Franklin Templeton’s star fund manager Michael Hasenstab has ended his painful bet that Treasury yields are bound to rise. 
. . . 
Templeton’s $22.6 billion flagship bond fund lost more than $11 billion in net assets in the year through March as the wager against Treasuries soured. It was also heavily invested in Argentinian local-currency bonds when the country defaulted last August. 4/21/20

4/21/20

"Star fund manager"..."...was also heavily invested in Argentinian local-currency bonds when the country defaulted last August." 
 
Fools and money. 
4/21/20

rabbit stick, lol 4/21/20