When you start getting involved in bond math it gets complicated. (But) if you don't understand how it works you should do your homework.

Everything is going down: the price of the dollar, the price of stocks, the price of bonds.

The bond market is very excited about this inflation data.

The immediate reaction was a pretty big move in rates after he suggested that there is a risk overseas troubles will hit the U.S..

I think yesterday was the biggest part of it. But if you find out there are going to be some proceedings, some impeachment proceedings, that could have a major effect.

The market has not stabilized yet.