Hartnett: Go Long The Most "Humiliating" Trade On Wall Street

Something remarkable happened after the US lost its final AAA rating last week (thanks to the politically timed Moody's downgrade): not only are US yields now higher than Microsoft bond yields out 3 years; but the 30-year Treasury/MSFT yield spread is now just 20bps, the tightest ever. Very soon, Microsoft will be a lower credit risk than the country behind the world's reserve currency.