Submitted by Tyler Durden on 12/13/2011 - 14:51Bond Copper Exchange Traded Fund High Yield
UPDATE: HYG just bounced hard off the lows and disconnected from stocks and credit - it seems they really do need to save that asset-heavy ETF.
There is a clear and significant sell-off across all risk assets. Equities are leading CONTEXT lower (after converging perfectly pre-Fed) but equities and credit are falling tick for tick for now with HYG (the high yield bond ETF) falling significantly (which remember has been critically important recently). Commodities are where the real action is though for now with Silver now down over 4.5% on the week (and Gold and Copper not far behind). The velocity of the moves suggest the disappointments in other risk assets are leading to forced selling as a dearth of QE-related comment from Ben and the boys has the USD now over 2% stronger on the week legging higher once again as EURUSD is now -220pips from its early morning highs.
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