here's what we're seeing with the new
trading week underway in London the rush
for the bond market exit is accelerating
and the US dollar is looking good
thirty-year US Treasury yields have
climbed above three percent level last
seen at the beginning of the year yes
the bond vigilantes are stirring
expectations of higher inflation and
aggressive fiscal easing by
president-elect Donald Trump is not good
news for investors who piled into bonds
this year paying ultra-low coupons UK
eurozone bond yields are also rising
sharply led by inflation and growth
sensitive long-dated paper beyond the
yield curve steepened at raid the other
big thing we're seeing a courses dollar
strength the euro and yen are sliding
good news for the respective central
bank's Japan and eurozone equities are
also smiling as S&P futures indicate a
run at record territory for the Wall
Street benchmark not so happy emerging
markets the brand and Turkish lira are
leading further weakness for e em
currencies Mexico's paizo has weakened
back through 21 to the dollar the
question for investors is whether the
rotation that we are seeing between
bonds am the dollar and equities has a
lot further room to run