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News Link • Economy - Economics USA

Stocks Up, Bonds Up, USD Up; VIX Up? Commodities Creamed

 Good-news (GDP) was instantly interpreted as bad-news (moar Taper) and bonds and stocks sold off notably but as the US equity market opened, JPY was sold and carry took over lifting stocks back to pre-FOMC-minutes levels once again... but bonds also rallied significantly with it (in a non-Taper-ing manner) as the USD rallied. But once that run-stop was covered on low volume levitation, stocks limped lower from the European (and POMO) close onwards, ending towards the lower-end of the day's cash range. Treasury yields dropped 7bps from their post-GDP highs leaving the 30Y -3bps on the day (and 7Y and less unch).

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