Treasury yields near the highs of the day
US equities are bouncing but other markets aren’t buying it.
The commodity currencies are at the lows of the day, with USD/CAD breaking 1.27 and AUD/USD nearing 0.7700.
The moves come as a broad USD bid develops. US 5-year yields are now up 0.2 bps on the day at 0.82% and just off the session high of 0.83%.
AUD/USD is now down nearly 2% in an emphatic rejection of 80-cents.