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Gap Lower on Latest Fed Chair Comments from NABE Conf

Tsys gapping lower after Fed Chair Powell makes hawkish comments from NABE conf, willingness to make "more than 25bp" hikes at each meeting in order to keep inflation in check if needed. 30YY topped 2.5% again, 2.5049% high as yield curves bear flatten, 5s10s extends inversion to -2.388% low, 2.555 last.
  • Equities reverse gains but are not taking the comments too negatively: SPX eminis -11.5 at 4442.0.

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