The pickup in the economic data in the U.S. lately and the Federal Reserve’s recent musings on tightening monetary policy have many wondering if bond markets are set to repeat a “1994 scenario.” In 1994, the economy...

We’ve been seeing analysts increasingly talk about a “1994″-style situation playing out in the market. What does that mean? Basically, the market was caught off guard that year by a surprise Fed tightening, and Treasuries got hammered....

It was an interesting day in the markets. It was a stereotypically “risk-on” day (stocks up, dollar down, etc.) until the Fed minutes came out. The minutes revealed (apparently to the market’s surprise) that several members of...

Despite its efforts to increase transparency, the Federal Reserve seems to be getting more and more complicated for outsiders especially in regards to monetary policy. Even the statements and minutes of its Federal Open Market Committee (FOMC)...