Reading the bond market and the machinations of the Federal Reserve is difficult work. So much analysis comes from folks trying to affect policy. Here our experts give their take on where rates are likely to go in 2015.
After six years of a zero-interest-rate-policy (ZIRP), U.S. interest rates are set to go up. But that does not mean a straight shot up. The Fed has not been in a hurry and with inflation low, can manage the next stage of interest rate management.
Futures brokers are still dealing with Dodd-Frank, residual interest rules, data fees and zero interest rates, but with Fed tapering complete and new leadership at the CFTC, there are also positive signs as we enter 2015.
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come back together.
"We have gone in and taken the assets away from the competent people, given them to the incompetent people and said to the incompetent people, now you compete with the competent people with their money. It’s absurd.”