By Chris Becker
You guessed it, another night of record highs in US stocks, but more interesting was the selloff in bond markets, precipitated by the BOJ taper yesterday that saw US Treasury yields hit a near one year high. More on that later. The USD continued to come back as well, while oil prices put in another high with Brent crude nearly through $70USD per barrel.
Recapping action in Asia yesterday where in mainland China the Shanghai Composite has lifted only slightly after finally crossing above 3400 points recently, up 0.1% to 3413 points. The next target remain the false breakout at the 3430 area during November and momentum is solidly building here, supported by a lower Yuan:
