Bonds are rallying ahead of the Fed policy statement, with the 10-year yield returning to its...

|By:, SA News Editor

Bonds are rallying ahead of the Fed policy statement, with the 10-year yield returning to its multidecade low of 1.90%. One bond veteran believes the move is a short squeeze, nailing those who got into a "buy the rumor, sell the news" trade a little too early.