The morning opened with stocks decoupled from FX carry – despite some random Nikkei headlines to juice JPY – and S&P futures pinned to 5Y yields (as the correlated pair of choice for now). S&P and Dow have rallied back into positive territory for April – so Mission Accomplished for now…
For get JPY for now… equities are all about bonds…
as TSY weakness lifts the S&P to unch for April…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1jDaoWu Tyler Durden