NB: Definitely not in the John Quiggan interview (though I did enjoy listening to it again).
The upshot was that interest rates and/or bond markets might once have been nominally open/free markets, but with the actions of central banks, that's far less the case, and reading activities as market actions is now far harder to judge.
The upshot was that interest rates and/or bond markets might once have been nominally open/free markets, but with the actions of central banks, that's far less the case, and reading activities as market actions is now far harder to judge.