Stocks Recover Half Brexit Losses... But Bonds Ain't Buying It

Dow futures are now 500 points off the post-Brexit lows, having retraced half the losses...despite the worst home sales in 6 years. Just one small problem, Treasury yields are plumbing new post-Brexit lows...

Dow bounce...

 

S&P bounce...

 

But bonds ain't buying it...

 

Trade accordingly.