Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action news and analysis.

Good afternoon, today is Tuesday April 16th, and I'm your host Kim Khan. Our top story so far.

The charge forward and rates continues with cash continued to move out of treasuries.

The 10-year treasury yield saw another rise topping 4.7% for the first time since the start of November.

The yield came into the week at just 4.25% and started the year at 3.88%.

That move came in spite of weak housing starts and

building permits figures for March, although the market may be attributing the

strong decline in both figures to seasonal issues due to a March Easter. At the same

time the US dollar the U.S. Dollar Index has been

rallying. The Spoke Investment Group has noted that the greenback and the 10-year

yield have been trading in lockstep since last summer. Kit Jukes, foreign exchange

strategists at Society General

all, says the sheer weight of above expectations data and the obviousness of the

U.S. economy's exceptional strength have sent bond bulls and dollar bears into enforced hibernation.

And while I'd like to make out that the Forex is the greatest market in the world, I'd be

blind if I couldn't see that we're following in the wake of Treasuries.

The upshot of that is Fed cuts postponed,

turning neutral on Latin America and watching the dollar rise until we work out when we can

sell it without being stampeded by a herd of bond vigilantes, he said.

What does this mean for stocks?

The major average is finished a little change today,

despite some good news and big name earnings.

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