One to keep an eye out for in case it starts to spill over to yen pairs today
For US 10-year yields, they are now about 4 bps higher from the lows today but overall are 2.5 bps up to sit above 1.94% currently. It has been a quiet ascend for yields this week and for some context, US 10-year yields are now up by ~12 bps in total on the week.
If anything, just be mindful in case this starts to spill over to yen pairs (causing it to move higher) in the sessions ahead. For now, USD/JPY is keeping more muted at 109.57.
