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Welcome To The Post-Yellen Era: Futures Flat, Yields Blow Out, Dollar Stumbles

Welcome to the post-Janet Yellen era (which technically ends on Saturday, with Jay Powell sworn in on Monday) which sees the month of February begin with solid risk appetite as S&P futures initially rallied out of the gate only to fade into the European session, despite strong performance in Europe and Asia as the MSCI Asia Pacific index rose for first time in four days, as TSY yields spiked to 2.
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