Bonds are whipsawing — and it may be just the beginning (tlt, tbt)

US Treasurys are jumping around on Monday after a speech from Federal Reserve Governor Lael Brainard.
Brainard, who is generally thought of as one of the most dovish members of the Fed, said in a speech that the case for higher interest rates is "less compelling" given recent economic data.
Bonds had been selling off modestly prior to the speech, but short-dated Treasurys quickly reversed course with yields falling into the red for the day before recovering some.
After the speech, the