“We can, unlike the Fed in this window of time, be a little bit more vocal about the fiscal side of the equation. And we haven’t been shy about it, and it doesn’t really matter what political party you belong to. If you look at the pure math, the pure numbers, if you look at how well the economy has been doing and the amount of spending that we have relative to this period of time. It’s clearly an issue and the market’s taking note of that.”

Get your updates each week with Gregory Faranello, CFA–Head of U.S. Rates at AmeriVet Securities.