So...if you've been paying any attention to the markets lately, you might've noticed that there has been some major volatility lately. Most of this can probably be explained by the recent hawkish Fed posturing that took place back in the first week of the month. Though this outlook didn't come as a huge surprise to us, the bond markets seemed to be totally caught off guard as bond yields shot up; even in the high quality space. I guess it's a good time to pour ourselves a stiff one...
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