Saturday, June 19, 2010

Rep. Cantor's investment

WSJ:

WSJ’s Heard on the Street reported this nugget Thursday that caught Washington Wire’s eye:


Putting his money where his mouth is? Eric Cantor, the Republican Whip in the House of Representatives, bought up to $15,000 in shares of ProShares Trust Ultrashort 20+ Year Treasury ETF last December, according to his 2009 financial disclosure statement. The exchange-traded fund takes a short position in long-dated government bonds. In effect, it is a bet against U.S. government bonds—and perhaps on inflation in the future.

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