Another relatively muted day for equities today as US markets fell mostly lower despite a (failed) attempt to fully recover ahead of the FOMC meeting tomorrow. Energy has captured the spotlight as the headwind of the moment, and though ultimately reversing to flattish on the day, the damage was done when Brent crude breached $95 early this am and spooked sentiment sufficiently. Yields rose soundly across the curve as concerns of higher for longer echoed far and wide. The 10-year yield closed…
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