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US 10yr Yield is still testing 4.45%

CROSS ASSET
  • Some selling going through in Treasuries, TYM4 in 3k and FVM4 in 2.5k.
  • So far the 4.45% Yield level is holding, equated to 109.04+, did print a 109.04 low in futures
  • FX desks will be closely watching Yields here and potential spillovers into the USDJPY and the risk of intervention upon a break above 152.00 in USDJPY.

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