Loading ...I thought we sort of dodged a bullet yesterday. 10 yr was up 8 bips to 3.53%, USD was flat, but the shares held up and G & S eeked out a gain.
Fast forward to this am and the 10 yr. is taking an almost 7 bip hit to 3.45%, but the USD is up 1/2%. G & S down but not huge for them anymore, $7 for gold, $.19 for silver.
The Bank of Japan didn’t actually hike, they just talked about it, causing the Yen to get crushed, hence the USD strength.
Pretty much all commodities, hard and soft are lower, and the SM is down about 1/2%.
We’ll see if this is London is helping out their buds at the Crimex or something else.