I guess the real question here is, what is the cost of bond market volatility and what is the cost of the Fed's miscommunication with the market? ... They went out and told everybody to buy bonds and then they cut their legs off.
I don't think it's something to worry about but I think it is an incremental piece of data that indicates strength, and it's hard to get real bullish for bonds when you see that.
I don't think it's something to worry about, but I think it is an incremental piece of data that indicates strength, and it's hard to get real bullish for bonds when you see that,