The path of least resistance for the Fed is to hike rates, says BofA’s Mark Cabana

RATES FROM THE FED. LET'S LOOK AT THE YIELDS THIS MORNING. 5.101%.I'M STARTING TO LOOK AT A 30 YEAR AGAIN. BUT THERE'S A TEN YEAR AT 462. JOINING US NOW MARK CABANA CO-HEAD OF GLOBAL RATES RESEARCH AT BANK OF AMERICA SECURITIES.ARE YOU SURPRISED. THANKS FOR COMING IN MARK. ARE YOU SURPRISED THAT 35% POSSIBILITY OF A RATE HIKE.I WOULD NOT HAVE THOUGHT THAT, ESPECIALLY AFTER THE INFLATION READINGS. >> WELL, THANKS FOR HAVING ME. IT'S VERY UNUSUAL TO BE GOING INTO A FED MEETING WITH THIS LEVEL OF UNCERTAINTY.T ...