To put a really fine point on it, the USG bond market is a prediction market. Not figuratively, but literally. You're betting on what 12 voters (the FOMC) will

To put a really fine point on it, the USG bond market is a prediction market. Not figuratively, but literally. You're betting on what 12 voters (the FOMC) will do at the next meeting. "That's all I believe that a bond market, at least in the US, could ever be." - @​thestalwart [▻](https://video.…