With month-end and quarter-end out of the way, bond sellers are back in the picture after a bit of a breather towards the end of March. The rout last month was quite spectacular and we're already seeing some decent moves today.
2-year Treasury yields are up 6 bps to near 2.40% while 10-year yields are up 7 bps to close in on 2.42%.
In turn, this is also helping to keep yen pairs underpinned on the day with USD/JPY up 0.7% to 122.50 levels since the end of Asia Pacific trading.