Surveillance: Cabana on the Fed
Bloomberg Surveillance
00:00
The Fear Level in the Bond Market
The fear level out there has gone up definitely over the last quarter, says Piper Jaffray's John Defterios. More people are wanting to go into the bond market because they think we're probably at peak or close to peak in bond yields," he adds. We could start to have a consolidation around a 4200 to 4300 on the S&P, take us back another 5%. That's your opportunity to get into the market.
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