Volatility rules in the new normal.
Job growth: as one of the key QE continuation indicators/markers it would appear that the Fed will be empowered to keep printing through the end of the year, at least (or is it QE: forever more - especially with an unlimited debt ceiling window!), which should keep downward pressure on yields through the near term...
Margin compression - the unwanted gift from the FOMC that keeps on giving!
Chart Of The Day
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