US 10-Year Yields Slide to 3% Following Weak ADP Data

Following the weaker ADP report today US yields came under pressure as bond prices rallied amidst concerns about the global recovery. The Treasury rally pushed the 10-year yield to 3% undermining the USD against its safe haven rivals.

Source: ActionForexall Rss Feed

U.S. Dollar Lower Against Yen as Investors Reposition for Yen Slide

The U.S. Dollar edged slightly lower against the Japanese Yen in Tokyo trading as investors pared away their carry trade positions, but most analysts expect that move will be short-lived with hedge fund operators and Japan-based life insurers positioning themselves ahead of what is likely to be another Yen slide.