Well don’t know about all that. But tax cut extension has the fixed income market all in a tizzy, as they worry about increased price pressures and the burgeoning budget deficit.
10 year treasury yield has broken through the 200 dma average at 3.10%, presently at 3.1503%
Higher yields supporting the dollar, EUR/USD down to session low 1.3292 while USD/JPY has made it up to 83.54.
