TB TBT ProShares Trust UltraShort Lehman 20+ Year Treasury Loading... : Bullish and Bearish Analyst Opinions

Pento explicitly states he is "short the long end of the yield curve" and notes the US faces a $9 trillion debt maturity wall. With annual deficits projected to hit $4-6 trillion in a recession, there are insufficient natural buyers for US debt. Unless the Fed monetizes everything (hyperinflation), yields on the long end must rise significantly to attract capital, crushing long-term bond prices. SHORT Long-Term Treasuries (or LONG inverse ETFs like TBT). The Fed implements full Yield Curve Control (YCC), capping rates regardless of inflation.