US 2-year notes are down to a 0.49% yield late in the session while 10s yield 3.06%. IF Greece were not a fiscal basket case, the dollar would be imploding given weak US data of late suggesting the potential for yet another round of QE. Stocks act like they have another sugar rush right around the corner while bonds see slow economic growth and moderating inflation ahead.
EUR/USD trades now at 1.4137, USD/JPY at 81.33 as EUR/JPY rises with stocks. Commodities are not participating, down 1/3rd of a percent on the day basis the CRB index.
