US Treasuries are rallying this morning with the 10-year note falling about 11 bp in yield so far. This is helping cool worries that US recovery prospects will be snuffed by the higher yields. Trailing stop-loss buy orders in EUR/USD above the 1.3900 level have been triggered and the pair trades now at 1.3912 level. Resistance lies between 1.3940 and 1.3955.