German 10-year bond yields are down by 3 bps
It's a similar story for French 10-year yields as well as they are dragged lower to two-week lows amid poor PMI data from France and Germany earlier. The drag in yields is also putting pressure on Treasury yields as you can see below:
In turn, that is what's feeding gains into the yen on the session with USD/JPY holding near the 108.00 handle and EUR/JPY hitting a fresh six-month low in the process.
