US yields are unchanged on the day after rising something like nine bp earlier in the day on the stronger than expected US employment report. Flight to quality is the name of the game. Same situation in EUR-denominated bond markets as bunds are snapped up.
The 10-year spread between Treasuries and bunds is nil, with both yielding 3.15%. The spread between German and US 2s is steady around 1.17 bp in favor of Germany. We were at 1.33 bp on Tuesday, for some perspective.
EUR/USD has settled down into a range around 1.4380 after breaking trendline support at 1.4416 earlier. That level is now resistance on rebounds and an important level on the close.