Wall Street’s Bond Gurus Have the Fed’s Balance-Sheet Unwind All Wrong

On Wall Street, the conventional wisdom is that once the Federal Reserve finally starts to whittle down its crisis-era debt investments, U.S. Treasury yields will have nowhere to go but up. But to some bond investors, history suggests the consensus couldn’t be more wrong. During each of the Fe...

Wall Street’s Bond Gurus Have the Fed’s Balance-Sheet Unwind All Wrong