2 Year Yield:  “Janet, what are you waiting for?  Various members are piling out of their little clown car jawboning the markets left, right and center ring.  Juggling acts, somersaults… the whole bit. I have popped in response to the latest jobs data.”

“My friend Uncle Buck is at new recovery highs…”

“…and Eur-USD is on its way to Palookaville.”

“We are all expecting something, and we expect it soon…”

“What is the holdup?  At the very least, why are Fed jawbones so divided?  There should be no argument now; we expect the Fed Funds rate to rise.”