Bolstered by renewed rate cut expectations after the Powell press conference and the cool payrolls last week, long May Day weekend dinner table conversations seem to have included a few bulls asking - Have Yields peaked?? Or so it seems - as we have hit the ground running with every sector trading higher today in Europe following the strength in the U.S. (all their major averages above their 50dma) as the market is now pricing in two rate cuts this year (US2yr under the 5% potential peak). Ano…
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