The bond bid returns, USD/JPY falls to the bottom since Oct 20

The early selloff within the US Treasury market has reversed, with yields now practically flat on the day. US 2s are up 2 bps and 30s are down 2 bps. Earlier yields had been Three-5 bps greater throughout the curve.

With the reversal, the US greenback is falling, notably in opposition to the yen and is on the lowest since October 20.

I am unsure what the catalyst is for this transfer because it’s come all of a sudden.

This text was written by Adam Button at www.ubaidahsan.com.



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