Stocks - for now - are ambivalent to the highest core CPI in 5 months; but the grown-up markets in bonds and FX are taking notice. The Dollar has surged (led by EUR weakness) and long-bond yields are up 5bps (back to unchanged on the week).
Stocks are unimpressed...
[6]
But bonds and the dollar are 'anxious'
[7]
It appears the machines were in waterfall mode today....
Oh oh. Treasury Futures steamrolling down - didn't like 8:30 news: pic.twitter.com/YF7ductruv [8]
— Eric Scott Hunsader (@nanexllc) April 17, 2015 [9]
Charts: Bloomberg
