Market Update – Impressive Move In Gold

1:05 p.m. ET The 2-year yield has almost priced in another 25 bp hike, up 20bp to 3.02%. At last look the market has 50% priced in a 75 bp hike in July rather than 50. A couple of interesting things are going on. Any gold bugs from the late 1970’s early 1980’s might wonder…