By Chris Becker
As US Treasury yields march onward to the 3% level, risk markets are heading back to their jubilant highs with US stocks rallying strongly as European bourses put in much smaller gains. The USD is falling, helping gold – and Bitcoin which is near $10,000 again – and the majors, with Yen still roaring to new heights.
Recapping action in Asia yesterday where Chinese markets were closed and will remain closed today for New Year celebrations.