• US 5-year yields hit a record low of 0.5881%
  • Canadian 10-year yields fall to record 1.614%
  • UK gilts at lowest since June 1 at 1.50%

US 10-year yields are one measly basis point above the 1.4387% record low. Periphery yields are moving higher with Italian 10s +5 bps to 6.10% and Spain +9 bps to 6.75% — both at session highs.