Uninspired

Friday's uninspired action leaves a lot to be desired and I will selling into strength first thing on Monday. I expect things to get much more choppy from here.

Bonds are cooperating nicely with the scenario I have recently laid out for higher rates directly ahead. A holiday trading day should not have too much read into it, but expect the surprises to occur on the upside in yield. This is probably just the beginning of higher yields. Will this coincide with a rise in the Euro? So far it has, but the front page bullishness would seem to be a contrary indicator, but the crowds are not always wrong.