The world markets seem to be adjusting to higher rates from the FED...
But the rise in bonds may be premature... After all, the FED hasn't done anything yet...and raising rates will only drive down bond prices as bond yeild must increase...to match the new paradigm.
I don't think people are still fully digesting the consequences of higher rates...right now they are just dumping oil and gold... And assuming that a minor tweek will solve all the dollars problems.
But if high rates were the only variable...Latin American and African countries would be the reserve currencies of the global economy.
