Treasury Yields Tumble To One-Month Lows As Stocks Slump, Dollar Jumps
Tyler Durden
Fri, 06/26/2020 – 10:46
Dow futures have tumbled nearly 600 points to 25k with small caps leading the collapse (down 2.5% on the day)…
Pushing The Dow back to two-week lows…
And bond yields are plunging, with 30Y back to one-month lows…
But stocks have a long way to fall to catch down to reality…
The Dollar has broken out to its strongest since May…
Mnuchin, get someone on the phone!
The volatility is coming as The Fed balance sheet shrinks for the second week in a row…
Maybe Powell will need to start printing again?
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