BKX-SPX ratio not quite broken yet but could indicate a decline in yields (bounce in T bonds) if it does break down. The Pigs like rising rates on the curve while Fed manip's the Funds w/ ZIRP.
08:34 News Bot: Even though US yields have backed of recent highs today, EM currencies remain under pressure as traders continue to speculate whether or not higher rates will lead to a rise in outflows, with some suggesting that this could even spillover into Europe.. 8/20/13