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US 10y Yield Tips Higher, Lifting USD In The Process

CROSS ASSET
  • Treasury yields show through the late Wednesday highs, pushing 10y yield clear of 4.33% and marking the highest levels since early December. 10y yields now north of the 100-dma - a break above which is the first since May of last year.
  • Uptick in Yields now being felt in currency markets also, aiding the drag on major pairs and erasing the post-France PMI uptick for EUR/USD, and pushing USD/JPY within range of overnight highs at 150.46.

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