Global treasury yields follow the strong rally in US today. Japan 10 year JGB yield rises 0.0214 to 0.162. Let’s remember that BoJ “allows” it to fluctuate between -0.1% and 0.1%. It’s now way above the top of the band.
German 10 year bund yield is currently up 0.065 at 0.542, back above 0.5 handle. There was a blip earlier this week on Italian budget concerns. But it seems that the new budget deficit targets are relatively well received. There is prospect of heading towards 0.6% handle even though it’s still bit far.
Australia 10 year yield also rises 0.067 to 2.718. But judging from the chart, momentum is relatively weaker than the others. That could explain the sluggishness of Aussie.