“Higher Rates Are Coming To Town”
Oh dear lord. This is what passes for humor on the sellside (from Wells Fargo's Nathaniel Rosenbaum):
Higher Rates Are Coming to Town
Bonds better watch out
PMs better not cry spreads won’t be taut
I'm telling you why
higher rates are coming to town
Yellen’s shaking her head
And raising rates thrice;
hedging oil this year ain’t gonna suffice
higher rates are coming to town
She sees which traders bleeding
a basis point they can’t make
They say Sales is always sleepi
This is getting Weird!!!!!!! The giddyness is palpable.