Data showing a softening job market raised investors' hopes for rate cuts starting this year.
The Fed chief made clear last week that he's now no longer singularly focused on crushing inflation.
As co-head of fixed income, Greg Peters sees structural changes in bonds amid all the Fed noise.
Pimco sees rising shipping costs as complicating Fed policy.
Rules being phased in over the next couple of years will alter the market's trading infrastructure.
The “danger of moving too soon is that the job's not quite done," he said on CBS's 60 Minutes.
The Fed chairman forcefully pushed back on hopes of a rate cut in March.
Key to how any steepening unfolds is the timing of Fed rate cuts.
Traders have become only more resolute that substantial monetary easing is coming soon.
Public debt across has soared to more than 112% of GDP in the First World, and bond investors can't overlook soaring budget deficits.
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