Bond market continues to signal rate cuts
US equity futures are higher on hopes for a rate cut but the bond market is signaling that the Fed is in the wrong place.
The front end of the yield curve is the spot to watch right now and US 2s sank to 1.77% from 1.85.
USD/JPY is taking cues from the front end and is now down 26 pips on the day to 107.90.
