Our podcast features Jim Bianco of Bianco Research. In today’s installment, Jim will provide his insight on the bond market.

• How quiet is the bond market?

- Tightest range in history

- Lowest measures of volatility ever

- Ignoring commodities

- Ignoring other markets (the VIX)

• Why so low?

- The Fed's massive QE

- Promises to not raise rates for three years

- Potential yield curve control by the Fed

- Quiet inflation

• What gets it moving?

- A serious "risk off" event - on par with this spring.

- A big recovery in the economy (vaccine and return to normal)

- A rise in expected inflation

• What does more bond market volatility mean?

- If volatility comes via falling yields, a market signal that a serious economy decline is coming.

- If volatility is via rising yields, a market signal that inflation is returning... so much so that the Fed might have to reconsider no rate hikes for three years.

For further information please contact Gus Handler at [email protected].