10 year trading at lows for the day
The Trump speech is finally over. I guess it can be characterized as "The Best Of" type of speech. He covered all the talking points but was short on specifics about taxes.
The bond market is not liking the it. Yields are moving lower. The 10 year is trading at the lows - down 5.1 bps on the day. Was there not enough stuff for growth perhaps? The 10 year reached 2.61% at the highs in mid December. It is down in the low 2.30's% now
The stock market is acting a different way.
It is trading near the highs for the day. Is the move higher off the low because the Fed is on hold, AND we will see more action from Trump later?
We are still down on the day for the S&P and the Nasdaq is down -0.27%, but each are off the lows.
The USDJPY did move higher off support against the 112.00 area (high reached 112,47) but is back down to 112.22 now. The low reached 112.048 today.
