From this Morning’s Newswire.

I like the second to last sentence in the paragraph below. Occasionally a feeling of impending doom makes its way through the market. That feeling was evident this week with a flight out of equities and into treasuries, despite many people’s expectations that interest rates are going to move higher soon.

-8:27 (Dow Jones) Credit futures start day sharply higher, with interest rates benefiting from losses in global equities. There's also said to be some short covering ahead of this morning's data which includes the Apr. NY Fed manufacturing survey and Mar industrial production numbers. At the same time though, short-term interest rate desk manager says it also feels like "there is something brewing just below the surface," in the market. He's not sure what it is though, as it "hasn't bubbled over yet."-