The last two days have seen 30Y yields plunge over 12bps (the biggest move since September’s Fed fold) to one-month lows. At the same time, thanks to The Fed’s hawkish jawboning, stocks are dumping also with The Dow joining the rest in the red for 2016. Gold is rallying back from its monkey-hammering yesterday but remains the laggard post-Fed.
via Zero Hedge http://ift.tt/1o8FYmJ Tyler Durden