Wells Fargo Securities’ Michael Schumacher sees year-end bond market volume dropping off earlier than usual.
According to the firm’s global head of rate strategy, the slide will likely occur around Thanksgiving instead of mid-December.
Not only is Wall Street still thinking about last year’s painful historic stock market drop, Schumacher blames the geopolitical backdrop. He contends it’s putting bond investors on edge.
“This week it’s Brexit. Probably Brexit again next week. Trade after that. Hong Kong. Iran. You could go on and on and on,” he told CNBC’s “Trading Nation’ on Thursday. “These things are very tough for investors to assess.”