‘You Can’t Fool the Bond,’ Says BofA’s Cabana on the Fed

Mark Cabana, head of US rates strategy at BofA Global Research, says the Federal Reserve now has a credibility issue as he discusses the bond market’s reaction to last week’s...

By Bloomberg Markets · Bloomberg Markets

Mark Cabana, head of US rates strategy at BofA Global Research, says the Federal Reserve now has a credibility issue as he discusses the bond market’s reaction to last week’s interest rate decision from the Fed. (Source: Bloomberg)