As early trades take shape the S&P is up nearly 13 points to 1870 while the Dow steams into a 117 tick gain to 16393. The Nasdaq sees 32 points added at 4258.
US 10 year yields are off the highs but still at elevated levels, up 2bp to 2.75%. The short end haven’t given up the Yellen yield gains and that’s going to add some support to the buck also as the market still goes grasping for earlier than forecast rate rises in the States.
US 2 year yields 25 03 2014
