After the stronger than expected ADP report:
- Stocks are lower
The S&P is now down about -9.56 points and the Nasdaq is down around -59 points.
Yields are higher:
- 2 year is up 2.1 basis points from around unchanged
- 10 year is up 3.4 basis points at 4.399%
- 30 year is up 3.3 basis points at 4.541%
The USD is a bit higher erasing some of the declines vs the EUR and GBP:
- USDJPY is trading to a new high of 151.905 and tests the swing highs from 2022 to 2024 between 151.91 to 151.967.
