Intraday Divergence Update: At Wides

Tyler Durden's picture

The 10 Year is now back to almost the lowest levels since market open, even as stocks are at their highs. At the risk of sounding like a broken record, bonds are completely not buying the stock rally, and the fact that we have in fact seen a rush of money into bonds since 10am, when the 10 Year peaked at 2.940%, only to be down to 2.9174% currently is yet another indication that nothing makes sense any longer, and that stocks are not completely disjointed from a capital flow reality, in which just one marginal buyer/printer magically has the power to set any price desired.

And another snapshot of irrationality in action: