US 10-year yields break yesterday's low, near the 2016 bottom

All-time lows within reach

All-time lows within reach

US 10-year yields are down 3 basis points to 1.34%. A close there would be the lowest ever while a break of 1.318% would take out the 2016 intraday low.

With the decline in yields, USD/JPY has fallen to a session low of 110.18. Look for yields and USD/JPY to break (or hold) together.

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