Quote from Daal:
Greenspan forecasts an 8% ten year treasury sometime in the next 20 years. he says a fiscal crisis due entitlements could send it much higher. If you combine the final ratio of debt to GDP that this crisis will generate, low GDP growth(regulation, higher taxes) after the crisis and the entitlement mess, I think 8% will be easly reached. But I wouldn't short tbonds this year
