 Todays bond market moves are curiously large, with US 10-year yields down 15 bps to 3.54. Thats at the same time as stock markets have moved sidewaysThe normal view of todays market is that a few factors have come together:Powells dovish shift leading to conviction that 6-7 Fed funds are off the table, with the terminal top around 5The turn of the monthA bit of a dollar-bonds spiral The ISM report lending conviction to hard landing theori... 