Movements on US yields attracting some interest;

  • 2 year UST yields has hit a decade high (circa 2.407%) .... spread between US and German 2 yr yields at widest since .... 1989
  • Gap between 10-year US and German yields is at its widest since the end of 2016 (circa 230+ basis points)

EUR/USD is a touch lower in early Europe trade, off the highs hit duering Asia trade .... range, of course, has been small but I expect the yield movements to weigh .... EUR/JPY buyers a source of support to note though:

And, don't forget yet to come:

Eurozone 'final' March CPI data is due today - what to expect