The Bond Market Has Reversed

Sotha: I have been managing bonds for forty years, and for the last ten years, into this year, it was the worst period ever. The treasury market started the year at 50 basis points. How r you going to win? Well, the long bond is hat a draw down of forty % from its high clotes on a price basis,. So we have total repricing in the bond market. And we're our team. We at double i, weactually excited, because we finally have value in the bondmarket.