S&P Erases Yesterday's Losses As Rate-Hike Odds Plunge

  • Written by Zero Hedge
  • Published in Economics

Bad news is great news again...

A downgrade to US economic growth and a constitutional crisis in one of Europe's biggest economies prompted a plunge in the odds of The Fed hiking rates three more times this year...

And that sparked a panic-bid in US equities...

 

However, credit markets ain't buying it...

 

 ...

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