Well, that didn't last too long now did it?
Bond yields were marked lower following the US CPI release yesterday but that has since faded quite a bit as we are seeing yields recover some ground late yesterday and today as well.
10-year German bund yields are up 6 bps to 0.85% and has all but erased yesterday's fall with Treasury yields also pushing up at the moment:
- 2-year yields +4.3 bps to 2.433%
- 5-year yields +5.1 bps to 2.725%
- 10-year yields +3.8 bps to 2.765%
- 30-year yields +1.4 bps to 2.841%
The mood is also helping to underpin yen pairs in general, with USD/JPY trading to fresh highs in 20 years here.
