Softer tones prevail as we get the session underway
– Eurostoxx -0.4%
– Germany DAX -0.7%
– France CAC 40 -0.5%
– UK FTSE -0.6%
– Spain IBEX -0.6%
The softer risk mood in Europe comes alongside pressure on bond yields, with 10-year Treasury yields seen down by 2.6 bps to 0.662% currently. That is helping to underpin the Japanese yen

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