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London. Let us talk about janet yellen, the message she had to give to the market yesterday. I have here a dollar index, we have a bit of a bounce going on in terms of the reaction we are seeing. The big message from janet yellen last night, along with the hawkish voices heard in recent days, she was confirming the 2015 is when the majority think we will see a liftoff and Interest Rates. Barring any big surprises, of course. That gave the dollar of those. It did not post expectations of a rate rise, if you look at what the fed fund futures are saying, theyre talking about the 47. 5 chance of an increase in december. It did move some of the yields, though. If you look at twoyear treasuries, a muted reaction a big drop you see was last week around the fed rate decision. Can we just see the muted reaction . As well as talking about the 2015, not being a can of liftoff, she was also talking about gradualism how important it was to be gradual to allow the markets to heal. Let us put that in

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