Major: Bond Market Rejecting These Lower Yields

The video discusses the current volatility in the treasury market, with traders betting that the Federal Reserve will not raise interest rates for the next 12 months. It highlights the impact of recent economic events like Brexit and actions by the Bank of Japan and Bank of England on market reactions. The analysis suggests that bond yields are already low, and the market is resisting further decreases. The discussion also covers the differing views between central bankers and market predictions, emphasizing the need for careful consideration of economic forecasts.

What does the speaker mean by 'the market is rejecting these very low yield levels'?

According to the speaker, what is the significance of the distance between the governors and the market in the context of the dots chart?