Bro Down!, Fed Fisher style - $tnx

Fed Gov. Fisher is great. (When the time comes, I hope he is our next chairman.)

Fed vs Bond Vigilantes



Bond Vigilantes: What's up bro! (rates rise)

Fed. Reserve: What bro. (Fed expecting a market re-pricing)

Bond Vigilantes: What's up bro! (rates rise above last year's level)

Fed. Reserve: Take a swing bro! ("I don't think anyone can break the Fed.")

Bond Vigilantes: Right here bro! (rates ease off for the day) What makes you the authority bro!

Fed. Reserve: We are the Federal Reserve bro! ("We haven't forgotten what happened to BOE.")

Lets see if they bro-it-out.