By Chris Becker
A long weekend in the US is not giving risk markets confidence as European stocks sold off slightly overnight as did German bunds and other sovereign bonds. Its going to be an interesting week for bond traders as US Treasury auctions will be quite large, with the 10 year yield still approaching 3%, the true cost of borrowing in 2018 maybe revealed here which could spook equity investors.
Recapping action in Asia yesterday where Chinese markets are still closed for New Year celebrations.