BLOOMBERG Bloomberg Real Yield January 1, 2018
I think the fed is itching, wanting to raise rates for some time. I still think the reflation trade is there, but you are going to have some volatility around that. I think it has had an air pocket, but the reflation trade is still in place. We are pleased with what going on in the unemployment picture. Job creation remains solid. The jobs number is a good number. I see the labor market as continuing to heal. There is room to maneuver, but we are a long way from full employment, and wage growth is a long way from where it would be if we were close to it. People have confidence this administrat...