<p>Oil rises on Yellen testimony A downgrade of the global oil consumption outlook by the IEA overnight was not enough to dampen spirits in oil markets, who remain target-fixated on the proposed
US 10s down 1.5 bps to 1.09% The most-important chart for the forseeable future will be US 10-year yields. There's a risk-off tone in markets but bonds are buying it in a big way.
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