The S&P dropped on the open slightly to 1868 but has returned to unchanged as we get underway in the states. The Dow is down 16 to 16443 while the Nasdaq is -18 to 4162
US bonds are still shaking out after the FOMC minutes with US 10 year yields at 2.67% -2bp but up from a low of 2.65%. The short end have also stabilised from lower levels. 5 years are at 1.62% from a low of 1.59% while 2’s are unchanged at 0.363%
