The following charts should clarify a few things with regard to 'real' money being put to work - as opposed to headline-reading, liquidity-feeding algos across every asset class - following this morning's rather hum-drum payrolls print.
A 10bps rip in 10Y yields... 1% swing in Gold, 1% swing in S&P 500, 140 pip swing in USDJPY, and a 345 point swing in Nikkei futures!!!
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