The Bond Tantrum Canaries

A while back -- and I endeavored to find the relevant articles Friday morning, but gave up after spending an inordinate amount of my espresso/cigar time rifling through my own digital archives -- I flagged some commentary from Nomura's Charlie McElligott, who suggested that if you were looking for canaries (the ones consigned to coal mines), one candidate was tail hedgers moving into bear flatteners. Why would one do that? Well, it's not complicated. If you were in bear steepeners, you were pla