US yields resumed their grind higher to start the new week, though there was little news to speak of. Higher yields were again led by the longer end. The 10yr yield touching its highest since 2007 intraday, while real 10yr yields rose past 2% for the first time since 2009. Despite higher yields, US equities were stronger, up 0.7% on the S&P500 and led by tech. The US dollar begins the new week down less than 0.1% on the DXY. That narrow daily decline coming after 5 straight weeks of appreciation. The dollar was lower against all G10 currencies except the yen, which was the notable underperformer on the day. ... (full story)