Dollar, Bond Yields Plunge As Fed Folds
The Fed surprised dovishly and markets are reacting as expected...
The Dollar is getting hammered...
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Treasury yields are tumbling - 30Y back below 3.00%...
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With the yield curve now massively inverted to Fed Funds...
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Following the lower trajectory of The Fed's rate path...
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And stocks are bid...
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And Eurodollar futures are pricing in almost an entire rate-cut for 2019...
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