US 10-year yield fell 14 bp this past week - BBH

Analysts at BBH note that it is the fifth consecutive weekly decline in the U.S. 10-year bond yield and the biggest since early last June.

• The yield on the two-year note fell eight basis points this week, which is also the most since last June.
• The US dollar fell against all the major currencies this week (and on the day is only up against the New Zealand dollar), led by the Japanese yen (2%) and sterling (1.1%).
• The euro and Danish krone are the poorest performers, gaining around 0.3%.