Stocks & Bonds Surge As Fed Minutes Hint At QT Taper

An otherwise quiet (volume) day which was leaning to the downside, The Fed Minutes sparked a bid in stocks and bonds (and sent the dollar down) after hinting at a taper, or even a pause, to The Fed's Quantitative Tightening program:

Various participants noted it may be appropriate to consider pausing or slowing balance sheet runoff until resolution of debt ceiling dynamics.