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ALM First Daily Market Commentary June 14, 2018

Topics: Beyond the HeadlinesBlog

Treasury yields are lower this morning as investors digest yesterday’s relatively hawkish FOMC statement/projections and today’s more dovish ECB policy statement. A combination of bear flattening post-FOMC and bull-flattening post-ECB has pushed the 2-year/10-year Treasury spread down to 37 bps this morning, a new current-cycle low. Equities turned lower post-FOMC yesterday, but both…

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