- Markets can't depend on the Fed staying on hold forever, says Fed Vice-Chair Stanley Fischer, speaking at an economic forum. Yes, the first quarter was a weak one for the U.S. economy, he says, but a rebound in Q2 is already underway.
- Wages: There are more signs on a daily basis of upward pressure rising.
- The ECB: European-style QE has proven far more successful than most thought.
- Lower earlier, the 10-year Treasury yield is now higher by two basis points to 1.91%. TLT -0.5%, TBT +1%
- ETFs: TBT, TLT, TMV, TBF, EDV, TMF, TTT, ZROZ, TLH, SBND, VGLT, UBT, DLBS, TLO, TENZ, LBND, DLBL, TYBS