Treasury Yields Suddenly Surge Ahead Of FOMC,Nasdaq Futs Tumble

It was Jpow that brought the markets up, and it will be Jpow that brings the markets back down.

WEDNESDAY, MAR 17, 2021 - 08:37 AM, ZH
"S&P futures edged lower, European and Asian markets were mostly lower and Treasury yields climbed sharply ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid an overheating recovery that risks stoking inflation, and where all eyes will be the median 2023 dot for a potential hawkish signal that sends yields soaring."

WEDNESDAY, MAR 17, 2021 - 07:52 AM
US Housing Starts, Building Permits Collapsed In February. ZH
"Total starts and permits tumbled from post-financial crisis highs..."


But as always, we shall see.