US GDP beat expectations 'proving' that government data shows the recovery meme is on track (as long as it doesn't snow ever again). The market's reaction... intriguing - stocks shrugged even as a USDJPY pump tried to get things going; gold and silver moved modestly higher; and Treasury yields... fell notably at the long end. 30Y is now trading with a 3.06% handle and 5s30s is back below 145bps...!
Bonds are rallying on the GDP beat...
[5]
The yield curve continues to collapse...
[6]
And stocks are shrugging..
[7]
Chjarts: Bloomberg
