Market underestimates pace of rate hike, says bond veteran

The market has already priced in the Fed’s immanent rate hike and the real question is what will happen 2016, according to Neuberger Berman’s Jon Jonsson. Speaking with Citywire Modern Investor, the manager of the Global Bond Absolute Return fund discusses why the market has underestimated the pace of the first rate hike since 2006.