Seemingly catalyzed by opaque black-box bank earnings (and aided by a run for 107 stops in USDJPY), the S&P has jerked 14 points higher in a few minutes as bond yields remain entirely unimpressed in an uncomfortable case of deja deja deja vu from last week. 10Y yields are below 2.20%, 30Y under 3.00%, and 5Y under 1.5%.
Disconnect Deja Vu
The driver of the momo ignition… JPY as always…
Charts: Bloomberg
via Zero Hedge http://ift.tt/1vqK2AC Tyler Durden