The kneejerks are over and now the fallout. US equity markets have tumbled back to yesterday's lows (and beyond), US Treasury yields are in total free-fall (down another 10bps, led by 7Y and 10Y yields crashing). Crude prices have reversed the entire post-SNB surge and is heading back to yeaterday's pre-ramp levels... Gold is pushing notably higher at $1265
Lagarde's comments on being uninformed about the SNB decision make it clear that the world is turmoilinmg...
Crude...
[5]
Gold...
[6]
Treasuries...have collapsed sicne the Dec FOMC...
[7]
Stocks...have cratered nack top Dec FOMC levels...
[8]
Charts: bloomberg
