Note sure if it is the usual POMO buying of Treasuries or what, but US yields have backed moderately off their earlier highs. We peaked at 3.696% in 10-years and now yield 3.666%.
Some suspect we are on our way to retest the 4.00% in the 10-year note in the not-to-distant future…At the rate we are moving, we could be there in little over a week…