US stocks unfazed on the open

• S&P +4 pts or +0.2% to 1842
• Dow +32 pts or +0.2% to 16477
• Nasdaq +14 pts or +0.3% to 4170

US 10 year yields 2.89% -7bp

As you can see the bigger story is the beating US yields are taking after the numbers.

US 10 yr yields 10 01 2014

That’s a sizeable drop and further falls could see the dollar go over again from here.