10-year note yields are ticking up in afternoon trade, perhaps on the back of a $1.3-something trln deficit so far this year. We’ve moved up 5 bp to the 3.34% level from 3.29% as USD/JPY skidded to new lows for the move early this afternoon.
The greenback is getting some modest traction as yields inch higher, now at 92.53. Look for small stops above 90.60. Sellers return in the 90.80/91.00 area, traders report.
