It appears a combination of Cameron scaremongery and weak-spending-driven GDP downgrades has sparked a realization in stocks (for now) that maybe bonds are on to something. As 30Y Yields drop closer to a 3.05% handle (and fresh 15-month lows), stocks have rolled over notably this morning… Of course, it is Friday though and all that pent-up de-escalation buying power on the sidelines is just itching for new new highs in stocks.
Even short-term the divergence remains large…
But it seems the Cameron news was more important that weak macro…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1wNP0sk Tyler Durden