Stock market fears not flashing in bonds
US 10-year yields are up 1.4 bps to 2.08%. That flies in the face of the fears in the stock market.
In general, in the battle between stocks and bonds -- bet on bonds.
There is a bit of panic running through stocks but there's not going to be anything to sustain this level of selling unless Lockhart comes out on Monday with another hawkish salvo, China cracks again or we get a serious deterioration in economic data.