The consequences of borrowing future stability to forestall present volatility!

Welcome to Capital Account. Bond speculators doubled their long exposure to US ten-year Treasuries last week, according to CFTC data reported by Reuters. As bloggers at ZeroHedge noted, this was their highest rating since March 2008. We talk to hedge fund portfolio advisor Grant Williams about what might be driving this speculative move. And since Mr. Williams is based in Singapore, we asked him about the view from Asia on the US elections, ZIRP and the ‘fiscal cliff.’

­Follow us @