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The JPY-Driven Rotation From US Equities To European Bonds

Tyler Durden's picture





 

We can't wait to hear Bob Pisani explain this one... JPY weakness continues this morning (now -2% on the week) but early in the European day (around the time of the German confidence survey), carry-traders rotated greatly into peripheral European debt and out of US Treasuries and US equities... US equities accelerated lower in the last few minutes following the Business Inventories print.

 

 


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