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FX, Bonds, & Gold Chaotic Ahead Of Yellen Speech

Courtesy of ZeroHedge. View original post here.

While stocks are shrugging off any and everything, FX, bonds, and gold markets are swinging around wildly ahead of Yellen's speech at 10ET.

The initial move appears driven by Fed's Kaplan's comments on "correction in stocks may be healthy."

The reversal is being attributed to a note from Citi suggesting "No US Default Or Shutdown Coming, Congress Wants A Quiet Life."

We suspect thin liquidity is not helping…


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