US equity indexes rose during the holiday shortened week: S&P 500 +1.4%, NASDAQ +1.0% and DJIA +0.8 %. US equity indexes rallied on Friday after a better than expected December payroll report, but not too strong, and a disappointing US ISM Services report, which weighed on bond yields. The US 10 year yield fell on the day from 3.7181% to 3.5580% helping equity indexes and weighing on the USD.