Stocks and bonds crumble

  • S&P 500 down 50 points
  • US 2-year yields up 7 bps
  • USD at the highs of the day
  • EUR/USD at two-year lows, down 80 pips

Here's the S&P 500, which has bounced 16 points from the lows as I type:

Stocks and bonds crumble