US Treasury yields continued with their ascent overnight, with the US 10-year yields at 4.8%. Aside, the VIX is at its four-month high, hovering just below its key 20 level.
<p>Goldman Sachs is forecasting US inflation (the core PCE inflation rate) falling to a level of low 2s y/y by US spring-time.</p><p>More from the note, issued December 26:</p>
<p>A few comments on the yen from around the place. </p><p>Dai-Ichi Life Research Institute says the Bank of Japan are only going to step in if the yen is about to break through 150:
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