The worries about a taper in the bond market are yesterday’s news. The soft start to 2014 in the stock market and disappointing jobs data is the trade right now. Ahead of the taper on Dec 18, 10-year yields were at 2.87% and now they’re at 2.82% and falling as stocks continue to roll over.
10 year yields hours
The S&P 500 is now at a six day low and USD/JPY is taking another run at 103.
