Treasurys Are the Next Bubble: Rogers

The bulging US government debt can turn into an investment opportunity, legendary investor Jim Rogers, chairman of Rogers Holdings, told CNBC Monday.

"What (investors) should do is worry about all the debt developing in the US. They should short bonds because that's the next bubble that's building in the US," he said.

"I own basically commodities where the fundamentals are getting better… I own particularly the yen and the Swiss franc. I don't own many stocks, only in China."

"For one of the few times in my life, I don't have any shorts," he said.