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From the Floor: Bond bears back as risk rallies — "#SaxoStrats
US president Donald Trump reinvigorated the post-election "Trump trade" Thursday with the announcement of a "phenomenal" tax plan. Characteristically, the bombastic statement did not go into further into detail but risk sentiment rallied all the same.
• Chinese trade balance data shocks to the upside
• Trump tells Xi Jinping he will honour 'One China' policy
• USDJPY rallies through key upside resistance
• Reflation trades in charge as risk sentiment rallies
• 'Long equities, short bonds, long USDJPY, long oil': Garnry
• US earnings season sees big rebound in operating profits
• Gold seeks support at $1,220/oz on sentiment spike
• Treasury yields rebound, bund rally muted due to Greece
14:23 minutes
Tags: gold, tax plan, treasury yields, trump trade, usdjpy, xi jinping