Dallas Fed chief Fisher warns the "feral hogs" of the markets about attacking Treasurys (TLT) or...

|By:, SA News Editor

Dallas Fed chief Fisher warns the "feral hogs" of the markets about attacking Treasurys (TLT) or MBS (MBB, MORT, REM). "We haven't forgotten what happened to the BOE (Soros forced devaluation in 1992). I don't think anyone can break the Fed." The FOMC he says, he "fully understood" markets would react big to word QE could end next year. However, "I don't want to go from Wild Turkey to cold turkey overnight," says the prominent hawk. Markets look to be responding, the S&P (SPY -1.3%) cutting its losses and the 10-year Treasury yield returning down to 2.57%.