2 BMO: #Treasury#yields are little changed, with the #10-year sitting at 4.61%, while the #2-year has drifted somewhat higher. Still, yesterday's soft #CPI report is ringing and, alongside testimony from #Fed Chair #Warsh, the market has scaled back near-term rate-hike odds. 🧵
#markets
#doodle
(New Sheriff in Town: Let the Market Roll)
“forward guidance” and “dot-plot” out
#Fed Chair Kevin #Warsh wants the #market to guide the FOMC. Period.
