Risk-On! S&P Futs Jump, Treasurys Dumped With Yen As Markets Cheer Macron

As tipped by the knee-jerk reaction in EURUSD and EURJPY, the “market-friendly” outcome from the first round of the French elections looks to have set the stage for a decidedly risk-on-ish Monday.

Here’s a quick look across markets as we head into the overnight session.

S&P futs are up ~1%…

ES

Treasury futs are down the most since March 1…

TreasuryFuts

USDJPY is up sharply…

USDJPY

Along with EURJPY as the yen is dumped for riskier bets…

EURJPY

 

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