Warsh Doesn’t Run Much Risk of Losing Control of Bonds, Says Academy’s Tchir

Peter Tchir, head of macro strategy at Academy Securities, said of the US Treasury market, “I don’t think this is a bond vigilante thing, I think it’s supply and demand,” ahead of Federal Reserve Chairman Kevin Warsh’s first speech at the Jackson Hole Economic Policy Symposium. Tchir's comments suggest recent bond moves are driven by market fundamentals rather than inflation concerns.