Wednesday, January 25, 2012

FOMC Statement Market Reaction

UPDATE: Stocks leaking back now
TSYs are 5-10bps lower in yield (aside from 30Y), ES (and credit) rallying but underperforming on a beta basis to TSY/EUR, EUR stronger 1.3050 now (USD weaker), and precious metals jumping.

Treasury yields tumble (and curve steepens)

Silver on a tear but gold still underperforming USD weakness for now. Copper not excited for now.

EURUSD back at 1.3050 highs of week

Gold specifically today is ripping...above $1685 now

HYG remains underperformer (leading)

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