It's retracement day
The US dollar has been a high flyer and every once in awhile a trend needs to retrace. Weakness in stocks today provided a catalyst but bonds are an increasing part of the story.
US 10-year yields are at session lows at 2.35% after touching 2.40% earlier.
Last week's low of 2.33% is support but a series of lower highs and lower lows in the past month should be the bigger concern.
