US bond yields have fallen sharply today. From closing level of 3.83% last evening, US 10-year notes are down to 3.73%, lower than the brief dip following Friday’s payrolls. 2-year notes are at 0.90% from 0.93%. An eroding yield environment never does the dollar any good…
EUR/USD has extended its range toward 1.4450 while USD/JPY has triggered stops down to 90.93.