Tax Deal Sends US Futures Soaring To New All Time High; Dollar, Yields, Global Stocks Follow
![Tax Deal Sends US Futures Soaring To New All Time High; Dollar, Yields, Global Stocks Follow Tax Deal Sends US Futures Soaring To New All Time High; Dollar, Yields, Global Stocks Follow](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/b993d081830a3930890199f4c9c52fa9-600x316.jpg?itok=xCZfdIlU)
The dollar jumped the most in two weeks, pushing Treasury yields as much as 6bps higher (before easing back) with US equity indexes primed for a another record-setting day after Senate Republicans approved a reduction in the corporate tax rate as part of a sweeping overhaul, giving a boost to President Donald Trump’s stimulus plans. The key market catalyst was the US Senate passing the tax reform bill through a vote of 51 vs 49 just before 2am on Saturday morning.