We’ve Just Witnessed A Definitive Shift In The Market’s Expectation For The First Fed Rate Hike

Things got really crazy in the bond market on Wednesday. The yield on the US 10-year bond fell to as low as 1.86% at one point during the morning, and overall the yield declined as much as 33 basis points, or 0.33%. Priya Misra at Bank of America Merrill Lynch notes that this was largest single-d…

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We’ve Just Witnessed A Definitive Shift In The Market’s Expectation For The First Fed Rate Hike

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