The dollar spiked higher and the yield curve spiked lower following The Fed's hawkish statement. 2Y yields hit their highest since Dec 2008…
As December rate hike odds jumped to 63%.. so still not completely buying The Fed's plan…
The dollar spiked…
But the yield curve cracked notably flatter… as the long-end was unimpressed.
This is not what The Fed, or the banks, were hoping for. How long before bank stocks wake up?
For now, gold is down, the dollar is up…
via http://ift.tt/2xS6uKK Tyler Durden