By Chris Becker
Treasury yields continued to climb for the third straight day, an indication that the Christmas bounceback in equity markets is under more solid ground, with modest returns on both Wall Street and in Europe overnight. Currency market volatility is subsiding as well although the Euro is being battered by the latest and worrying German industrial production print.
Recapping Asia’s session yesterday first where the Hang Seng Index eventually lifted 0.1% or so, up to 25875 points. This is just above previous support at 25600 but a new daily high plus momentum that is nearly positive suggests more upside potential for the rest of the week:
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