Jim Rogers sees U.S. Treasuries bubble

By Frank Tang

NEW YORK (Reuters) - Investor Jim Rogers, a prominent commodities bull, said on Thursday the U.S. recede vernment bond label et will be the next bubble to burst due to unsustainable borrowing, and agricultural commodities and precious metals are among his favorite investment picks.

Rogers also said stock label ets could head for a pullback following a strong rally.

"It's overdue for a correction. Certainly, it would not be surprising if there were a correction after a straight-up go for six months," Rogers tfeeble Reuters Television in an interview.

He was not "selling the label et short," and the equities label et could hfeeble rising for a long period of time, Rogers said.

After the Reuters interview, Rogers said at a seminar hosted by ETF Securities that the bull label et in U.S. Treasuries has approach to an finish .

"The next bubble that I see developing is in the United States recede vernment bond label et. It is inconceivable to me that anybody would lfinish money to the U.S. recede vernment for 30 years in U.S. execute llars at 3 to 6 percent interest rate," he said.

"So, somewhere along the line, this bubble is recede ing to pop. If any of you own bonds, I'd be terribly worried, I would judge about acquire ting out of the bond."

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