‘Highly Probable Fed Hikes Are Complete’: McElligott

Have we seen the turning point for bonds? I hope so. I like being right as much as the next guy, and I've variously suggested the US long-end was a knife worth trying to catch over the past 10 or so sessions. Yields tumbled on Tuesday in a catch up to the holiday futures rally and the long-end was supported early Wednesday too, despite a warm PPI print. As noted in the first linked article above, the nascent bullish reversal is widely attributed to a shift in the Fed rhetoric, which now sugge