Not sure if it was the $8 bln of The Quantitative Ease from The Bernanke through The Goldman Sachs, but US Treasuries have caught a bid this afternoon and the yields are way off their highs. 2-year notes are back below 50 bp from 57.6 bp earlier in the day. 10s are down to 2.82% from 2.90% this morning.
USD/JPY has taken on an easier tone as a result, down to 82.75. 82.40 is further support if selling accelerates.
