EUR/USD dipped briefly to 1.4036 but we did not stay down long. The US bond market selloff has moderated so dollar longs quickly ran to book profits.

EUR/USD has bounced to the 1.4060s and USD/JPY lipped from 81.68 back to 81.50 where it all began…

US 10-yr notes are at a 2.47% yield, about 2 bp above where we were ahead of the auction results at 17:00 GMT…