Long-Dated Treasurys are Real Opportunity: KLS Exec  It's been a
big week on Wall Street with the S&P at a two year high, GOP
victory in the midterm elections and the Fed's action on
quantitative easing (QE2).  "The market hasn't fought the Fed
and the fixed-income markets, either, and the government
markets, so the belly of curve, which is where the Fed is
focused at the moment, has rallied pretty significantly,"
Jeffrey Kronthal, co-managing partner and co-CIO of KLS
Diversified Asset Management, told CNBC's "The Strategy Session"
on Friday.  "The orphan child is the 30-year bond, the spread
between 10s and 30s has widened pretty dramatically—widened into
the announcement and has probably widened 15-to-20 basis points
post the announcement," Kronthal said.  "We look at long-dated
Treasury strips as a real market opportunity. The long-dated
ones yield around 450, they have positive convexity—meaning they
get longer as the market rallies, and shorter as the market
trades off," he said.  "We really think they