A Fed governor's comments draw attention but do not signal a shift in monetary policy.
The theory that stocks should rally because bond money is waiting to jump into the market is wrongheaded.
The market is likely to start pricing in expectations of near-term inflation.
The markets expect continued quantitative easing, but consider this contrary bond trade.
The Fed's likely reticence in ending QE will have several consequences for markets.
Is it time to price in higher interest and inflation rates?
Use the ETF as a substitute for long-term Treasuries to infer the direction of bond prices and rates.
Here are some likely scenarios for corporate bonds and municipals.
Here are some likely scenarios for interest rates and mortgage-backed securities.
The latest headlines represent a gross misreading of the central bank's goals for QE.