The reflation trade resumes after Fed Chair Powell stuck to his dovish tone: Stocks higher but w/sub

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The reflation trade resumes after Fed Chair Powell stuck to his dovish tone: Stocks higher but w/subdued mood as bonds keep selling-off. US 10y yields jump 6bps to 1.43%, 10y Bunds rise 4bps to -0.28%. Brent #Oil on course to 70/bbl. Gold markedly lower at $1789, #Bitcoin ~$50k. h/t Holger Zschaepitz

The reflation trade resumes after Fed Chair Powell stuck to his dovish tone: Stocks higher but w/sub

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