Yields on the 10-year Treasury note have now fallen to 4.71% after hitting a high of 4.88% as trading began yesterday.
The dip was a catalyst for stocks to get some relief and a dip for the US dollar, perhaps a relaxation in yesterday's bond sale backed by US September employment data that added + 89 thousand versus + 153 thousand jobs expected.
Investors are now eyeing a U.S. jobs report tomorrow that could give further upside to the Treasury yields we've seen so far this week.
Which, even as it has fallen since yesterday, is still up about 14 basis points during the week so far.
