Yield Curve Crushed To 10 Year Lows As Stocks Signal Trump-Tax-Plan Won’t Pass

The bond market’s reaction to the Trump Tax Plan…
Bonds and Bullion were immediately bid and stocks and the dollar sank on the Trump Tax plan release – but as Europe closed, gold was ‘managed’ down, leaving bonds outperforming on the day… And stocks back to unchanged as the market realized there is little chance of this bill passing… (So Bonds price out a little more growth hope and stocks flat on status quo and Powell)

This post was published at Zero Hedge on Nov 2, 2017.