I know this sounds like a broken record…but no way do rates ease on todays news, they were about to start motoring higher, when magically it all started reversing, the Dollar was getting dumped, then for no reason at all it spun right round and in the space of half an hour it was back above where the numbers came out…that was the trigger for rates to go offered and they have stayed soft all day..
It’s all just too perfect..they can write up today like the mkts totally believe the Fed has it all under control, inflation is just as they say, yes it’s there but nothing to worry ur little head about, in fact it will help the SM…so keep buying all those FAANGS etc….and if it was a problem then the Bond mkt would be telling us, as would the Gold mkt…but look they ain’t.