There were two consensus trades at the start of the year.
- bonds yields will rise
- USD/JPY will climb
The yield on the 10-year Treasury note is now down 8 basis points to 2.43% — the lowest since July. The 10 year traded at 3.05% at the start of the year and has been falling since.
USD/JPY also topped on the first trading days of the year at 105.40 but so far the lows has only been 100.76 and we’re trading at 101.82. Will it be next?
How the bond bears are feeling today
