Bonds were stronger in the overnight session with an infusion of buying demand following weaker UK inflation data.  This brought 10yr yields into U.S. hours at fresh lows of 3.87+.  There was some push-back from domestic traders at 9am and a bit more after the stronger Consumer Confidence data at 10am, but not nearly enough to derail the rally.  Even if the rally is ultimately erased, yields could rise several bps into negative territory without sending any other message than "low and flat, near the best levels in months." 

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