Well that was disappointing – the dollar and bonds are shifting ‘dovishly’ but stocks are falling as the ‘growth’ bet evaporates.
Futures are giving up overnight gains…
Treasury yields are tumbling…10Y below 2.05%
And 2Y below 1.80%
And the dollar is in freefall…
Eurodollar markets also shifted 5bps more dovish instantly…
The probability of a June rate-cut is now at 37% and 100% by year-end…
via ZeroHedge News http://bit.ly/2Zb1dHM Tyler Durden