Credit/Risk Basket Opening indications

So far pretty quiet here too with slight weakness pretty much throughout.

 Commodities are slipping again today thus far in early trade.

 High Yield Credit is about in line with the S&P on a short term basis, over a longer term view it is severely dislocated and much lower.

 The market is a little ahead of the Euro with the Euro still not having taken out yesterday's afternoon highs and the market trading slightly above them .

 It's still early, but there's a little decline in High Yield Corporate Credit.

 Financials are slightly underperforming momentum wise, but not a big difference.

And Yields long term remain severely dislocated from equities as equities gravitates toward rates, on a short term chart of this morning, there's a little weakening in yields.

All in all, not too different from 3C and not too different then CONTEXT.