Dollar, Bond Yields Plunge As Fed Folds

The Fed surprised dovishly and markets are reacting as expected...

The Dollar is getting hammered...

Treasury yields are tumbling - 30Y back below 3.00%...

With the yield curve now massively inverted to Fed Funds...

Following the lower trajectory of The Fed's rate path...

And stocks are bid...

And Eurodollar futures are pricing in almost an entire rate-cut for 2019...