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Jim, Evan and Phil hold forth on noteworthy sightings in credit,\xa0 while Jim challenges a core premise of modern central banking.\xa0

0:43 #ECB taper announcement

2:36 Taylor Rule funds rate and the flattening yield curve

5:05 The search for \u201cstability\u201d

8:35 Kobe Steel bondholder surprise

9:55 10-year yield at a key level

12:14 The last great #bond bear.\xa0 In like a lamb\u2026

14:01 \u201cUnprecedented in degree, persistence and circumstance\u201d

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