Breaking Bad! Pound, Dow Get Pounded After UK PM May Delays Brexit Vote (UST 5Y-3Y Curve Inverts, 5Y Breakeven Inflation Rate Collapsing)

Its a wonderful day in the financial markets.  …. NOT. In fact, financial markets are breaking bad.

Where to begin?

U.S. equities extended a sell-off and the pound tumbled as traders took a grim view of the outlook for global growth and trade after UK Prime Minister Theresa May delayed a crucial Brexit vote.

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Meanwhile, the Great Britain Pound got pounded.

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And the 5Y – 3Y Treasury curve inverted.

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And the US Breakeven 5 Year Inflation Rate is collapsing.

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Yes, financial markets are breaking bad.

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