Is the stress back in Stress Indicators?

Is the stress back in Stress Indicators, one might ask. The answer has to be no, but see the charts below:

1. The 10 year Spanish government bond is again at its long-term average of 600 basis points.
   
   
   
   
2. Inflation watch:  Adjustment lower yesterday, elevated since the third round of quantitative easing (QE III) was announced.
3. JPMorgan Chase - a "strange" rise in their CDS....
   
   

   

   I have added two more charts:
   
   
4.  HYG - High yield is seeing outflow for first time in a long, long time.
   

   

5. Finally, the VIX: keep an eye out for this one - major potential if...we break back up..

Safe travels,

Steen