Below is a chart and brief excerpt from today's Early Look written by Senior Macro Analyst Darius Dale. Click here to learn more.

Shifting gears to the third major Macro Risk requiring your attention this morning, I've been watching Europe for signs of what I’ve affectionally termed a "QE Tantrum" in my research notes. This is when a major central bank eases into #Quad2, which then sparks a meaningful selloff in global duration amid increasingly believable expectations of reflation. Recall that it was the ECB who last triggered such an event during the onset of its LSAP program in 1H15:

CHART OF THE DAY: First Day of #Quad2? - Chart of the Day