“It seems the more bond yields surge, the more the bond fund managers say it’s not a ‘real’ crisis because ‘inflation is still anemic.’ These are the same guys who are bleeding assets, losing you money, and who have utterly failed to foresee the carnage of the past few months. Bond yields are not rising solely because of higher inflation, the traditional cause of rising rates. Instead, it’s all about the flow of hot money! Too much hot money piled into the bond market over the past four and a half years, encouraged by reckless Fed policy. And now the same investors who dog-piled into bonds to piggyback on the Fed’s policy are getting crushed.”

http://www.moneyandmarkets.com/interest-rate-market-going-berserk-53731

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy