The US 10yr yield break of 2.301%/2.288% resistance points to a n/term pullback towards 2.2275, potentially below, says Bank of America Merrill Lynch. "However, pullbacks must be seen as corrective and temporary. Once complete we look for a renewed topside towards 2.453% ahead of 2.570/2.594 (YTD t/line and retracement support)," BofA argues. BofA also reiterates its bearish EUR/USD view seeing further losses ahead in the near-term after yesterday's bearish outside day. "The Wednesday Bearish Outside Bar and reversal ahead of old trendline resistance (now 1.2813) say the downtrend has resumed for 1.2450/12470 ... (full story)