Well, I got the answer to what I have been wondering about with bonds. I couldn't understand why bond yields were down if Yellen was expected to be raising rates this month. It turns out that they were down because they were anticipating what Draghi was going to do. Now that Draghi has disappointed, it could mean that Yellen will have the all clear to raise the rate by .25%. I don't know but it is starting to look like a possibility. Have to see how things go next week. Bonds were also following the correlation with the terrible U.S. macro data. If the Fed is data dependent can they seriously raise this month? Time will tell. I have always said that I don't believe they will raise, but if they do they will not only reverse it next year, they will go negative and introduce more QE.
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