US stock market open 20 May 2015
- S&P flat at 2127
- Dow -4pts to 18316
- Nasdaq +2pts to 5072
US 10 year yields 2.26% -2bp
Keep an eye on bond yields as there looks to be plenty happening. US 10's recovered from a drop under 2.24%, which dragged USDJPY down to 120.71. As they've rebounded so has the buck which is now back up though 121.00
US 10 year yields
It all smacks of positioning ahead of tonight so I wouldn't chase these moves nor get deeply involved in them as we're likely to see more of this as the hours tick down
