US interest rates are sliding this morning. Could be the typical rebound in Treasury prices after completing a slate of auctions or it could be some safe-haven buying/short-covering.
Either way, we are down to 3.61% in 10s, 9 bp lower on the session.
The slide in yields is prompting a pullback in USD/JPY, now down at 83.33 after strong buying earlier just below 83.50.