Gold, page-2409

Slange

I think you have made a good case for the Fed not to raise rates. But you haven't demonstrated that the Fed might be "desperate full stop".

"Do the central banks own the bond markets or are we going to get a reaction [?]."

If there is any "desperations" out there, it is among investors searching for income. My discussions with bond fund managers during recent days suggests that they are expecting low growth, low equity returns and consequently lower bond yields.