Financial Times – 2/9/15

“Rates are way too low and investors have made a mistake in thinking the Fed would tighten policy at the end of this year or in 2016,” said Michael Kastner, managing principal at Halyard Asset Management. “We are going to see investors sell short-dated bond holdings and interest rates will move higher as they come round to the view that the Fed may tighten policy a lot sooner than many thought.”

US investors primed for midyear rate rise