10Y Treasury yields fell to a 2.26% handle - the lowest since Nov 18th and breaking the reflation-trade support - after a 4 sigma miss in payrolls this morning.
10Y Treasury yields fell to a 2.26% handle - the lowest since Nov 18th and breaking the reflation-trade support - after a 4 sigma miss in payrolls this morning. Gold jerked higher once again - almost erasing the entire post-election loss, stocks and the dollar are under pressure.
The dollar was hit hard...
And 10Y yields broke reflation trade support...
And the EDZ7/EDZ8 spread signals more bond bear pain ahead...
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OTHERS TO WATCH: Many others in the retail sector are lower this morning, including Macy's, Kohl's, American Eagle, Nordstrom (JWN), Abercrombie & Fitch (ANF) and Urban Outfitters (URBN).
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