The Worst Case Scenario for the Bond Market

While we didn't get higher interest rates this year as many on Wall Street had predicted, analysts point out that higher rates are inevitable. Business Insider asked Meg McClellan, global head of fixed income market strategy at JP Morgan Asset Management what she thought would be the worst case scenario for the bond market. "We've seen unemployment come down pretty dramatically, there is some concern that the Fed may be behind the curve on inflation," she said. "But what I think the Fed is really watching is the wage inflation number."