Bond yields sit lower as we get into European trading

  • The push and pull this week continues
  • 2-year Treasury yields down 5 bps to 4.214%
  • 10-year Treasury yields down 4 bps to 3.562%
US2Y

Most of the drop have come in the past hour but with very little headlines driving it to be honest. For 10-year Treasury yields in particular, the retreat continues from the rejection of the 100-day moving average at 3.61% from yesterday.

This makes it a bit of a mixed week so far, with the rise and fall in bond yields alternating since Monday (should things stay this way today).

USD/JPY is weighed down slightly as such, down 0.2% to 134.43 at the moment.

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