Fed Hikes, Balance Sheet Contraction And Other Works Of Creative Fiction
September 22, 2017 at 19:11 PM EDT
As the markets recalibrate from a 50% likelihood to the new 70% that we will see another hike in 2017, gold lost $10 per ounce, the dollar gained strength and the yield on the 2-year rose 4 basis points while the long bond has barely moved.