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Hartnett: Bond Era Ends Bubbles, Fed May Need to Hike

Original: Michael Hartnett: Bonds End Bubbles, and the Fed May Have to Hike to Save the Market

Bank of America strategist Michael Hartnett argues that the long bull run in bonds is over and that recent market bubbles are ending. He warns the Federal Reserve may even have to raise interest rates to rescue markets, a reversal of the usual expectation that the Fed cuts rates to prop up asset prices.

Why now: Investors are debating whether inflation and the end of the bond bull market will force the Fed to act against, rather than for, the markets.

Michael HartnettFederal ReserveBank of America

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