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Daily Alert: Anti-climax

  • With nothing, nada, zero, zilch out on the data calendar yesterday or overnight, the US Fed minutes out at 6am this morning have been the big highlight for markets.
  • With no ‘smoking tapering gun’ in the FOMC minutes, Treasury yields are lower, but not dramatically so.
  • The ongoing volatility in commodity markets is continuing but shows little sign of spreading into markets more broadly. 

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