“The lion's share of the bear market is over, ... It's a two-part issue. Yes, the marketplace could be nasty. But there's a great deal of nastiness that's already happened in the bond market.” TwoDealsIssuesHappenedShareBearsOver ItLionsNastyMarketplaceNastinessBond Market Author:Paul McCulley
“The bond market is debating with itself what the intent of the Fed is. I don't think the Fed has a multi-step process. They are taking it step by step.” ThinkingProcessStepsFedsBond Market Author:Paul McCulley
