Many of you may be asking yourself, “what’s changed since last week with the EU bailout?” One would think there would surely be some sort of news or development concerning the exact structure of this plan, rumored to be a sovereign debt backstop of $1 trillion USD. Is there surely some plan moving forward?

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A second shortened week of trading will carry U.S. financial markets into the new year amidst a wide spectrum of forecasts. In addition to the regular one, three and six month Treasury auctions there will be 2-year, 5-year and 7-Year Treasury Note sales, all of which will test interest rates which have bottomed in recent
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