The ECB will probably take rates to 3.25 percent by the end of the year. We don't particularly like the European markets.

With most economic data pointing to continued strength, it's likely and would be prudent, for the ECB to raise rates in March.

There's a good chance the Fed will raise tomorrow and change their language to indicate rates are on hold until we get clearer signs from the economic data. We could get a little rally in Treasuries.

With most economic data pointing to continued strength it's likely, and would be prudent, for the ECB to raise rates in March. There's not a huge amount of support for the market.

The market doesn't have many legs to help it up at the moment. Another 25 basis point increase in March is a done deal.