All that money flowing out of stocks and commodities has to go somewhere and cheap bonds look to be where it is finding a home.
Since lunchtime, we’ve dropped from 2.96% to 2.85%.
Bond traders ain’t used to this FX-like volatility….
USD/JPY has eased from session highs after a nice rally during the US trading day as lower US yields slow the advance slightly. We trade now at 83.30 from 83.60 session high.
