Jared's Reversal Call: What to Expect

Jared Bernstein: Are you basing this on sentiment, just be the way people are positioned? Or are you also looking at fundamentals, Jared? Pretty much like 90% sentiment. So how much do you think this is going to run in terms of yields? We saw it again this week. They're on course of the worst week in the year,. We saw a big move in yields. How quickly or is this kind of a more of a grind lower as people start to see data points come in and if a sentiment starts to swing the other way? It depends on the data. The front end is going to come down dramatically.