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US Treasurys are slipping on Wednesday ahead of the House’s second vote on the GOP tax bill. Bonds markets across Europe and Asia are also selling-off, sending yields higher.

The House passed the Tax Cuts and Jobs Act on Tuesday, but needs to vote again Wednesday after three pieces of the bill were deemed in violation of the so-called Byrd rule. It would be an identical version of the bill the Senate passed just after midnight on Wednesday.

As the House version passed on Tuesday, the Treasury yield curve bear-steepened, meaning that long-term rates rose faster than short-term rates as traders speculated on quicker growth. On Tuesday, the 30-year yield had its biggest increase in a year. The benchmark 10-year yield rose to its highest level in nine months, and has climbed by about 14 basis points since December 15.

Here are the headlines on the tax bill:

In Wall Street news, Jefferies is surging and snatching back business from Wall Street’s top investment banks. Wall Street’s brightest young analysts shared their best career advice. And the cryptocurrency market is now doing the same daily volume as the New York Stock Exchange. You can get the latest news on what’s going on in cryptocurrencies here.

Lastly, Lockheed Martin wants to make a supersonic jet that could travel from New York to London in 4.5 hours.

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