It’s a rare day when US equities rally to multi-year highs and fixed income market also get a lift. Today is one of those rare days.
US 10-year notes are 4.5 bp lower on the day, now yielding 3.32%, the lowest in a month. Sorry Bill Gross!
USD/JPY and USD/CHF are both easier after midday rallies flamed out…USD/JPY is at 81.63, USD/CHF at 0.8772.
