U.S. Treasuries are on track for a lower start after a steady retreat in the overnight futures market.
Japan’s Tokyo Core CPI increased at its fastest pace since May 1981, but Prime Minister Kishida said that inflation driven by domestic demand remains “feeble” and that a return to deflation should not be ruled out.
Action in Europe has been underscored by continued hope that the region will avoid a recession after Spain reported better than expected growth for Q4.
Yields:
2-yr: +5 bps to 4.22%
3-yr: +4 bps to 3.92%
5-yr: +5 bps to 3.64%
10-yr: +6 bps to 3.55%
30-yr: +4 bps to 3.67%