US yields are down 12.5 bp on the day, now at 2.46% in 10s. The S&P is down 2.2%, its first correction of note in what seems like months.
Oil futures closed on their highs, up 7.37 on the day or 8.6$ at $93.57.
EUR/USD has been backing and filling during the US afternoon after bottoming at 1.3635 after critical comments toward Spain from S&P. We topped out at 1.3675/80 on the subsequent rebound.
Central banks were aggressive sellers above the 1.3675 level all the way up to the highs just above 1.3700 this morning, booking profits and helping create a bit of stability in a jittery market.
