The rush for the bond market exit is accelerating and the US dollar is looking good.

撤出債券市場的熱潮持續增加，而美元走向則看好

Thirty-year US treasury yields have climbed above 3% level last seen at the beginning of the year.

30年的美國國債收益則從今年年初的 3% 往上增加

Yes, the bond vigilantes are stirring. Expectations of higher inflation and aggressive fiscal easing by President-elect Donald Trump

沒錯，債券義勇軍蠢蠢欲動。川普當選伴隨而來的預期高通膨心態與激進的寬鬆財政

is not good news for investors who piled into Bonds this year, paying ultra-low coupons.

對今年付非常低價息票的債券投資人而言並不是個好消息

UK, Eurozone bond yields are also rising sharply, lead by inflation and growth-sensitive long-dated paper.

英國與歐元區的債券收益也和通膨與長期債券一樣大幅地增加

Beyond the yield curve steepen trend, the other big thing we've seen that causes dollar strength - the euro and yen are sliding, good news for the respect to central banks.

除了陡峭的殖利率曲線趨勢外，另外一件使美元看好的大事 - 歐元與日幣下跌對央行來說是好消息

Japan and Eurozone equities are also smiling as S&P feature indicates a run at record territory for the Wall Street benchmark.

日本與歐元區股權也不亦樂乎，因為普爾指數指出它於華爾街基準上創歷史新高

Not so happy, emerging markets - Iran rial and Turkish lira are leading further weakened in currencies.

然而新興市場卻笑不出來了，伊朗里亞爾與土耳其里拉幣值持續下跌

Mexico's Peso has weakened back to 21 to the dollar.

而墨西哥披索則跌至 21：1 美元

The question for investors is whether the rotation that we've seen between bonds, yen, the dollars and equities has a lot further room to run.

投資者該思考的是，在債券、日幣、美元和股票於未來是否還有發展的空間