Treasury yields spike after US ISM data

10-year yield is up 2.3bps, 30-year yield is up 1 bps. 2-yr and 5-yr yields are up 2.4 bps and 2.6 bps, respectively.

Still its not steepening of the yield curve, We need to see a bigger jump in the 10-yr yield as compared to the 2-year yield. Nevertheless, dollar is on the rise. USD/JPY clocked a fresh session high of 113.28 and is likely to test 113.42 (stiff resistance)

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