Equity markets lurched lower but are coming back now after The Fed signaled a more hawkish expectation of two more rate-hikes in 2018. The dollar spiked and while Treasury yields also jumped, the yield curve collapsed to new cycle lows…
All major equity indices are red post-FOMC…
The dollar jumped to the day’s highs..
Yield are up across the curve – 10Y stil below 3.00%…
And while rates are higher the yield curve is getting crushed with 2s30s at its flattest since Oct 2007…
And at the shorter-end 5s7s are back into single-digits and 7s10s is only +3bps (almost inverted).
via RSS https://ift.tt/2LMCra8 Tyler Durden