5/10/2012: Remember when US was 'decoupling'?

Really cool stuff: Euro area and US default probabilities divergence (via Citi Research):

And on related note of Euro area divergence, US is posting some nice figures today on NFPs, implying this.

Now, remember the days when European 'leaders' were bragging about the US decoupling from the rest of the world?.. Well, it looks like the US, along with the rest of the world, is decoupling from Europe.