Yesterday was a nice break from the markets as Wednesday we expected significant volatility throughout the entire day this began the overnight session when comment from the European Central Bank is in European bond yields screaming higher.
Treasuries would typically follow at least to some extent, but they barely budged as there weren't enough sellers in the market thus keeping the price is higher and yields lower than they otherwise might have been later in the day, we would see the see the ECB impact flow through 2 pricing. Wednesday brought with it a slew of economic data as well, All released between 8 a.m. and 10 a.m., much of which came in above expectation. One in particular, and durable goods orders, greatly exceeded its prediction value which drove midday volatility. Fomc minutes were released however this did nothing but further confirm suspicious surrounding a December rate hike uncertainty Remains the headline