Simply amazing. We don’t move all day and the Fed minutes come out very much in line with the statement issued at that meeting and the market is shocked, shocked that the Printer-in-Chief did not shovel another trillion or two into the market.
A quick 8 bp jump in US 10-year yields and a once cent jump in the dollar versus the euro.
USD/JPY is getting plenty of bang for your buck as the firmer US yields give the rally a tailwind.
US 10s are now at 2.25%.
