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Stocks are up solidly in the first few minutes of trade. Buying interest is relatively broad, but energy (+0.8%), industrials (+0.7%), and materials (+0.6%) are garnering the most interest. Utilities (-0.1%) and consumer staples stocks (unch.), both defensive oriented, are struggling to establish any upward momentum this morning.
Outside of equities, Treasuries are under pressure. As such, the yield on the benchmark 10-year Note is back at 3.00%. The TED spread is currently just shy of 0.2.
Meanwhile, the dollar continues to drift along with a 0.3% loss against a collection of competing currencies.
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