Bond Traders Get That Inflation Itch

Nick Godt says the bond market now may fear inflation:

the fed fund futures market sees a 100% chance of another quarter-point hike on Dec. 13, and a 92% chance of another hike at the Jan. 31 meeting, which will be the last presided over by Fed Chairman Greenspan. The market is now also pricing a 62% chance that the Fed hikes again on March 28, presumably be the first for Fed Chair appointee Ben Bernanke, taking the Fed funds rate to 4.75%. The March 28 odds stood at 50% on Thursday