Confusion In The Air After Fed Minutes

Confusion In The Air After Fed Minutes

Well, it's been something of a roller coaster day for rates and USDJPY (even if the range has been tight). At 10:38 EST, we got the latest news out of France which suggests that an alliance between centrist François Bayrou and Emmanuel Macron may serve to lessen Marine Le Pen's chances of ascending to the French Presidency. That promptly led to selling in safe havens as German yields popped along with 10Y Treasury yields, then at 1:00 we got a lackluster, tailing 5Y auction that sent rate
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