US Treasury yield at 4.64% in Asia trade, significantly lower than late Friday levels

<p>Japanese markets have reopened after the holiday Monday. </p><p>It was also a holiday Monday for the Bond market in the US.</p><p>Thus we are getting first indications to the cash Treasury benchmark 10 year yield for the week, trading circa 4.64% in early Tokyo and down from around 4.78% late on Friday. </p><p>Treasuries have caught a 'flight to safety' bid after the murderous attacks on Israel.</p><p>ADDED, the 2 year is under 5%</p><p>Other impacts have come from some dovish comments from Fed officials overnight:</p><ul><li><a href="https://www.forexlive.com/news/forexlive-americas-fx-news-wrap-9-oct-usd-moves-lower-as-mkts-react-to-geopolitical-risk-20231009/" target="_blank" rel="follow" data-article-link="true">Forexlive Americas FX news wrap 9 Oct: USD moves lower as mkts react to geopolitical risk</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.