Hugh Hendry, founder and former CIO of Eclectica Asset Management, says the Federal Reserve is in "a fog" and US Treasuries are currently in a "killing zone." Speaking with Jonathan Ferro and Guy Johnson on "Bloomberg The Open," Hendry also discusses ECB policy and German inflation. -------- Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com/ Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/