Although the Fed has been in buying the long end of the curve (10 year note/30 year bond), their bid has faded. Currently, the 10 year note is off 37/32’s, trading at a yield of 2.79%. The bond is off over 2 points. Mortgage backs have started to fade as well, now off 6/32’s.
Stocks off 17 on the Dow yet all markets have a high degree of volatility. This market is nothing to mess around with.
Sometimes you’re the windshield, sometimes you’re the bug! Fly well.
