U.S. bond yields broke above the significant 3% and above the 30 years downtrend channel , the highest in seven years, oil is up to $80 a barrel and USD dollar rallying causing emerging markets to post the most significant correction in recent memory and major stock market looks unfazed: . What are the possible reasons ? The much anticpated 3 percent Treasury yield was already priced in, expectation of US. tax cuts boosting earnings and share buybacks, , a sense a , and a belief that the turmoil in the emerging world is isolated to highly leverage countries.
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