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More from Hilsenrath: While the taper and end of QE may be near, Bernanke never suggested rate...

More from Hilsenrath: While the taper and end of QE may be near, Bernanke never suggested rate hikes are in the picture, and even suggested ZIRP could remain even after unemployment falls below 6.5%. Additionally, only 4 on the FOMC thought there would be higher rates before 2014, one less than the last projection in March. Don't forget dissent #2 - "A hawk became a very vocal dove," writes Hilsenrath, referring to Jim Bullard (ed: Calling Bullard a hawk is a stretch). Previous: Bullard explains his dissent. The 1 PM headline was good for 100 points on the Dow (DIA), but it's now returned to flat.
Comments (4)
  • Bond market is saying to Hilsenrath, go f yourself.
    21 Jun 2013, 11:31 PM Reply Like
  • The worse thing that can happen to the bond market is things improve. Sunshine, rainbows and unicorns scares the hell out of the bond markets. No wonder. Who wants to hold a ten year bond at 2.5%? My guess the ten year will be at 4% sooner or later and the thirty year at 6%.
    22 Jun 2013, 12:55 AM Reply Like
  • Bullard is splitting hairs. This had to be announced at some point in time. Bernanke stepped up to the plate.
    22 Jun 2013, 11:10 PM Reply Like
  • Analysis: Maybe Hilsenrath is wrong. Maybe the market wasn't fooled into listening to a journalist again. Bond futures finished almost at their lows.
    23 Jun 2013, 02:52 PM Reply Like
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