Comment: Market In Shock By Yellen's First FOMC Appearance

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SteveMT's picture

Market In Shock By Yellen's First FOMC Appearance

3-18-14
Yellen's first press conference saw the worst market performance since Bernanke's May Taper hint. Bonds had a bad day... massive bear-flattening occurred on the release with 5s30s -12bps (5Y +16.5bps, 30Y +4.5bps) to 19-month lows. The USD was smashed 0.75% higher - its biggest gain in 7-months. Gold (and silver) dropped (down 4% on the week) as copper short-squeezed up to key resistance after early significant weakness.
http://www.zerohedge.com/news/2014-03-19/market-shock-yellen...