Yields continue to rip higher on the day

German 10-year bund yields hits highest levels since December 2015

Yesterday, we saw US 10-year Treasury yields touch its highest levels since April 2014 before retreating back towards the end of the day.

And that same kind of mood is spreading to Europe as well as we get the day going. German 10-year bund yields are touching 0.71% now, the highest levels since December 2015.

And it's not just Europe, US yields are also higher on the day with 10-year yields now at 2.7407%, bouncing off lows of 2.7181% earlier.

As that is happening, we're seeing USD/JPY pick up even further now to session highs of 109.63.

Join the conversation in our new Telegram group.