US Treasury 10-year yields fall below 0.70%, down by 20 bps on the day


The yields capitulation continues

US Treasuries are seeing an unrelenting bid on the day as 10-year yields start to fall below 0.70% now. The movement today is something else with yields falling by over 20 bps on the session. 30-year yields are under 1.30% in a similar move.


This is keeping the pressure on USD/JPY as price now falls further to a low of 105.33.

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