Dovish Fed sentiment in both presser & FOMC release have caused US 10y to pare back earlier surg

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Dovish Fed sentiment in both presser & FOMC release have caused US 10y to pare back earlier surge. Yld fell from 1.68% to 1.62%. BUT Powell remains passive on yields. When was asked whether Fed would consider YCC, he responded that current pace of asset purchases was appropriate. h/t Holger Zschaepitz

Dovish Fed sentiment in both presser & FOMC release have caused US 10y to pare back earlier surg

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