The S&P is up a gaudy 0.1% in the wake of the knee-jerk rally following the Fed’s statement that opened the door to further easing later this year.
Bonds continue to rally pushing yileds to record lows at the short-end of the curve. 2s trade at 0.427%, 10s at 2.59%.
EUR/USD is consolidating gains, holding above the 200-day moving average at 1.3220 so far. 1.3288 was the high print on EBS in the madness that followed the FOMC…