What's the Tenure Saying About Bond Yields?

Bond yields are currently sitting at one point four five % or thereabouts. One of the big mysteries of this entire year has been why bond yields are so low, even in the face of the fed ostensibly beginning to taper its balance sheet and may be getting more worried inflation. So how are you thinking about the bond market at the moment, and what the tenure is actually telling us? Yes, you know, i think it's specially one of the more prevalent questions right now, as we're going to end the year probably with between 11 and 12 % nominal g p growth. And all the tenure does is rally. And we're enteringfed piking cycle, and it still rallies