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‘Grab for Treasuries Is Back’ Via ETF: Kilburg

Wednesday, 26 Sep 2012 | 1:02 PM ET

European woes are beginning to send investors back toward U.S. Treasury bonds, Jeff Kilburg of Killir Kapital Management said Wednesday on CNBC.

“Right now the grab for Treasuries is back,” he said on “Fast Money.”

Kilburg recommended going long the treasuries ETF as a way to play the trend.

'Grab for Treasuries Is Back': Jeff Kilburg
European woes have sent investors back to U.S. Treasury bonds, says Jeff Kilburg of Killir Kapital Management.

“We saw it break through the 200-day moving average, went down to nearly 118 and now has violently come to the upside around 125,” he said.

“So I think as we see European woes persist, and if we get a little bit of a spiral over there, we will see that technical level of 1.19. I don’t want to see it, but I’m just telling you what I see technically.”

“At the end of the day, I think those problems are going to persist,” he added.

Trader disclosure: On Sept. 26, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s “Fast Money” were owned by the “Fast Money” traders: Pete Najarian is long AAPL; Pete Najarian is long C; Pete Najarian is long GS calls; Pete Najarian is long JPM calls; Pete Najarian is long INTC; Pete Najarian is long SBUX; Pete Najarian is long FB; Pete Najarian is long MSFT; Pete Najarian is long POT calls; Pete Najarian is long NOK; Simon Murphy is long AAPL; Simon Murphy is long GS; Simon Murphy is long AMZN; Simon Murphy is long GOOG; Simon Murphy is long CRM; Steve Grasso is long AET; Steve Grasso is long AST; Steve Grasso is long AIP; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LF; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long P; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S.

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