Market Update

A round of strong labor market data across the board is supporting the global rate outlook.

Fixed Income was selling off in a strong reversal Friday and US10Y’s were not able to break or even test the December highs.

Stocks are edging higher, despite the much-quoted dispute between Bernanke and Greenspan about the likelihood of a recession with the bond market yield curve inversion even more bearish on the US economy than Greenspan.

Today, the correction should continue with Carry Trade crosses and stocks going higher.