Jan 08/15 – Yet another example of how QE programs are far from bond friendly

I know the conventional wisdom is that Quantitative Easing programs cause rates to fall, but I am perplexed at how many times we are going to have to see the exact opposite thing happen before this myth is finally debunked. Many of you are probably shaking your head and thinking that I don’t have a clue about what I am talking about. That very well migh…