Easy come, easy go. The BOE announcement brought some relief to broader market sentiment but it is proving temporary as equities are falling back lower now on the day. 10-year Treasury yields were down 7 bps to 3.895% earlier but have also pared the move in a push back to 3.965% currently.
That's not a good look ahead of the Wall Street open, as even major intervention by the BOE in trying to address the source of uncertainty in markets this week isn't doing the trick.
