Are Bondholders 'Waiting for the Wrong Thing' on Interest Rates?

Natalia Lojevsky discusses her expectations for Kevin Warsh and the Fed at the Jackson Hole symposium and ways it will affect the bond market. For bondholders expecting an interest rate cut anytime soon, Natalia says, "you're waiting for the wrong thing." She addresses the Treasury's move to boost liquidity on some long-term bonds to curb yields, calling the decision one that won't last long-term.