European yields move back higher after erasing large decline. Follow US markets

As London/European traders look to exit for the day, stocks gave up their gains and so did bonds.

In the European debt market, the benchmark 10 year yields are ending up marginally on the day after sharp declines earlier in the day. The UK 10 year yield traded as low as 1.814%. It is currently trading at 1.975%. The German 10 year reached a low 0.909% and is going out near 1.043%.

The USD is ending the European session as the runaway strongest of the major currencies. The greenback is up 0.93% (vs the CAD) to 2.41% (Vs. the AUDUSD). The greenback is up 2.27% vs the GBP and 2.14% vs the NZD.

In the US stock market Stock Market A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don A stock or equity market is defined as the aggregation of buyers and sellers of stocks, which reflect ownership claims on businesses.These may also include securities listed on a public stock exchange, as well as stock that is only traded privately. Common examples of this include shares of private companies that are sold to investors through equity crowdfunding platforms.Unlike the past, the stock market has grown to include a more mature retail market, though nearly all investment is still don Read this Term as London/European traders head for the exits, the story is not looking good for the longs:

• Dow is down over 1000 points or -3.11% at 32996
• S&P is down -157 points or -3.65% at 4143.03
• Nasdaq NASDAQ The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass The Nasdaq Stock Market or NASDAQ is an American stock exchange. It trails only the New York Stock Exchange (NYSE) in market capitalization and is part of a network of stock markets and options exchanges.Launched back in 1971, NASDAQ is the acronym for the National Association of Securities Dealers Automated Quotations. Since then it is known simply as NASDAQ and has become one of the most influential exchanges worldwide.The NASDAQ was the world’s first electronic stock market, and has since ass Read this Term is down -632 points or -4.90% at 12329.

In the US debt market,

• 2 year 2.736%, +12.2 basis points
• 5 year 3.052%, +15.9 basis points
• 10 year 3.093%, +17.7 basis points
• 30 year 3.186%, +18.2 basis points