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Japanese Stocks Open +1.5%; Bonds Half-Way To Limit Down

It seems the correlation to USDJPY has started to disintegrate and what is more worrisome for the BoJ is the linkage between JGBs and the Nikkei 225. Equities in Japan are about to open to a modest bounce around 1.5% but JGB prices are down around 0.50 (half the limit-down price moves). So, the problem for the BoJ is - do you let JGBs flop to maint [...] Read more ...

via Zerohedge
24 May 2013

Cyclist dies in SF garbage-truck crash

A Recology garbage truck struck and killed a bicyclist Thursday morning in San Francisco's Mission District, police said. The crash happened near 16th Street and South Van Ness Avenue about 6:45 a.m. A witness said the truck, which was paralleling the male bicyclist on eastbound 16th, tried to make a right turn onto southbound South Van Ness and c [...] Read more ...

via Sfgate
24 May 2013

NATO closes air command headquarters in Turkey

The deactivation of NATO’s Allied Air Command was marked Wednesday during a ceremony at its headquarters in Izmir, Turkey, where it will shut down operations as part of a reorganization that will merge the alliance’s air command efforts under one consolidated headquarters in Germany. Read more ...

via Stripes
24 May 2013