Dollar & Crude Dumped, Bonds Pumped As Yellen Jawboning Saves Stocks
Stocks were not impressed at all out of the gate but once Janet started talking, the algos lifted them to the highs (and of course gold was whacked). Crude oil was dumped, along with "sell the news" US Dollar longs. Bonds were well bid at the long-end...
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Massive long bond demand continues.