Dollar Soars To 2019 Highs As Bond Yields Tumble

Stocks are flat, bond yields are plunging, and the US Dollar is spiking to its highest since 2018...

This is the biggest two-day surge in the dollar since October 2018.

Sparking chaos in EM FX...

But this dollar strength is happening as Eurodollar markets signal increasingly dovish Fed bets relative to the ECB...

And bonds are totally decoupling from stocks...

Something's afoot.