We will spend a few minutes on the Fed because it is pretty much obligatory ahead of the FOMC, though hopefully our view has been quite clear. Then we will touch on Russia/Ukraine as there have been some really interesting developments. We got to cover a lot of topics that generated a lot of feedback on Wednesday morning on Bloomberg TV (Academy’s segment starts at the 6:45 mark). The Fed We laid out a bunch of hypotheticals in August on how We Would Drive Yields Lower. We started focusing attention on flatteners then. One of our August interviews got condensed ... Beyond the Fed, My Droog