How Far Will the Bonds Fall?

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Considering how much unintentional excitement I’ve had over the past 72 hours, I’m glad it’s a boring market day. Indeed, it’s like watching paint dry. “Old faithful”, the emerging market bonds fund, is down, even on a day like this. It seems ambitious, but I’ve laid down a target low for this pattern. It’s been rather breathtaking how reliable this short position has proved itself for months now.