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Asia Morning Bites
Global Markets: US Treasury yields took a slight breather on Monday after the big moves last Friday. 2Y yields kept in a narrow range and are roughly unchanged over the last 24 hours. 10Y yields managed a 3.4bp rise to 4.467% ahead of tomorrow’s FOMC and US CPI data. EURUSD also didn’t move too much further, dropping only slightly to 1.0763 despite the snap election called in France. The AUD has crept back above 66 cents, but Cable is pretty flat at 1.2726 and the JPY has lost a little ground against the USD, rising to 157.06. Asian FX caught up with their G-10 counterparts on Monday and there were decent rises ... (full story)