Unusual activity in bonds is ahead, Wells Fargo predicts
Wells Fargo Securities’ Michael Schumacher sees year-end bond market volume dropping off earlier than usual.
According to the firm’s global head of rate strategy, the slide will likely occur around Thanksgiving instead of mid-December.
Not only is Wall Street still thinking about last year’s painful historic stock market drop, Schumacher blames the geopolitical backdrop. He contends it’s putting…