Morning Note | March 23, 2023 | IHIT And IHTA Get Dirt Cheap

Good Morning!

Markets are moving modestly higher following the Fed meeting where investors are thinking the Fed may be done hiking.   Bond yields are bear steepening (long rates rising faster than short rates) and the US dollar is weaker, for the 6th consecutive session as EUR/USD and GBP/USD march higher. Commodities are under pressure and the multi-mon…