Keeps tax deal in play for 2017
The US dollar and stocks are getting a lift into the close after US Treasury Secretary Steve Mnuchin said he still expects a tax deal in 2017 and he stressed the longer term benefits of dollar strength. The last part contrasts the comments made from Pres. Trump last week.
In any case, the tax hope has the stocks moving to session highs and the dollar comments is helping the greenback recover into the stock market close.
In the US debt market, the 10 year is up 1.2 bp to 2.25%. The low reached 2.1966% today.
