30Y Yield Tops 2.00%, Erases All Omicron Fears; Gold Drops To $1800

30Y Yield Tops 2.00%, Erases All Omicron Fears; Gold Drops To $1800

Update (1200ET): The long-bond yield just topped 2.00% for the first time since Thanksgiving, erasing all the post-Omicron anxiety bid…

The dollar has extended gains and pushed gold back down to $1800

And at the same time, the short-end of the curve is pricing in an increasingly hawkish Fed…

*  *  *

Well that escalated quickly. All that anticipation of hopeful new money gone shortly after the cash equity open as US Manufactruing PMI hit a 12 month low…

The Dow, S&P and Nasdaq are all back in the red while Small Caps oscillated wildly…

The long-bond spiked to Friday’s high-stops and reversed…

The dollar is spiking…

And as the dollar rallied, gold puked back down towards $1800…

Will 2022 start with a red day for a change?

Tyler Durden
Mon, 01/03/2022 – 12:00

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