The bond market with some subtle moves in quiet trading ...Middle East

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The bond market with some subtle moves in quiet trading
US Treasury 10-year yields (%) daily chartWhile major currencies and equities are not showing any appetite whatsoever, we are seeing the bond market move a fair bit so far on the day. 10-year yields in the US are now up 6 bps to 4.476% as bonds are being offered as we get into European morning trade.In the bigger picture, after the slide down from 5%, this isn't indicative of much. But keep in mind that the bounce in yields are coming after brushing against its 100-day moving average (red line) earlier this week.I won't want to jump to any conclusions just yet, in calling this a return of the selling in bonds. I'd much rather wait for flows to pick up again next week as thinner trading condi

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