By Chris Becker
Its all about Treasury yields at the moment in anticipation of the Fed’s FOMC meeting this week as stocks were left unchanged overnight in cautious trading. The so-called critical 2.6% yield level was breached last night on 10 year Treasuries, as global stocks remain extremely high post the Trump inauguration.
Looking at Asia’s session yesterday, where the Shanghai Composite started the week with a solid session, closing up 0.76% to 3237 points, still hovering just above local support at 3200 level. The former high at 3300 points remains the target here but these fits and spurts are not confidence inspiring:
