FAST FIVE: Stocks Start Slide Back To Bond Market Reality As Quad-Witch Looms

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Seemed appropriate:   Dismal China data overnight did not help the fact that China's 'National Team' appears to have abandoned investors.

  S&P futures show a series of lower lows and lower highs today.

  Treasury yields were largely unchanged across the curve once again today, but we do note the long-end saw some notable underperformance.

  The market is pricing in 14.5bps of rate-cuts in 2019 – the most dovish since the crash at the start of the year.

  WTI managed more gains today, after an early dip, but traded in a very tight range around $58.50 for much of the afternoon.

Categories: ZH