Stocks & Bonds Are Plunging As Powell Fails To Deliver

No hints at a 'Twist', refuses to speculate on repo issues and no mention of SLR exemption.

That is not what the market wanted to hear...

Treasury yields are spiking with 10Y well above 1.50%...

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And 5Y is back above the critical 75bps level...

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And as rates spike, stocks slump...

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And the dollar is spiking...

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Get back to work Mr. Powell.