The market continues to keep more tentative so far today
10-year yields are up 3.7 bps to 1.563% currently, near the highs for the day as all eyes will be on the auction later in the day at 1800 GMT.
Before that, we'll be getting US February CPI data but I wouldn't expect that to really tip the scales in the market considering that the Fed will still easily brush the report aside.
The dollar is mildly higher on the day but off the highs seen at the start of the session, with US futures also turning a little lower now. The nerves are starting to show as Nasdaq futures are now down 0.6% after having been 0.2% higher earlier.
If we get another wretched episode like the 7-year auction two weeks back, it may end up being yet another wild day in the market all things considered.
