Stocks Steady After Fed Despite JOLTS Slump, Crude Dump, VIX Jump

Treasuries reversed early losses to end the day marginally higher in yields (10Y worst +1bps); Bonds have traded in a very narrow range for 2 days.

Job Openings plunge, Fed admits its credibility is on the line, Crude crumbles...

Stocks managed to hold gains on the day..

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Even as VIX rose... 

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Risk Parity pressure continues... 

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Despite bonds and bullion best post-Minutes... 

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Treasuries reversed early losses to end the day marginally higher in yields (10Y worst +1bps)... Bonds have traded in a very narrow range for 2 days... 

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While bonds held their post-Minutes gains, the USD bounced back... 

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The USD Index kept on pushing higher... (the 7th up day in the last 8) 

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Sterling faded back a lot of the kneejerk Brexit debate gains as UK Gilt yields spiked higher still... 

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To over 7-month highs... (the USD is up 3.6% YoY now- the biggest annual rise since January) 

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Disappointment from OPEC (and NOPEC) sent crude lower (ahead of tonight's API data) but USD strength had less effect on PMs today... 

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