Yields on bonds, especially five-year and shorter debt, will have a bias to rise. Fukui didn't necessarily deny a possible policy shift and I still see an almost 100 percent chance for an April move.
Yields near 1.6 percent look attractive for buyers. Concern about GM prompted some flight-to-quality buying in Japanese bonds.
Yields have risen to levels where buyers looking for yields are willing to take a risk and buy.
Yields have cheapened up, but if the Fed's going to go further, they still may not have value at that level.
Yields could go above 2 percent in the short-term. People are focusing on the U.S. because they think it's driving the global economy's recent robust pace of growth.
Yields at these levels look attractive to investors.
Yields at the end of last year were very low, and although the Fed was expected to lift rates to 4.50 percent, yields were around 4.32 percent. Now you've got people thinking the Fed is going to 4.75 percent, so you're seeing an unwind.
Yields at the auction came at levels that were not lethal to the stock market. Overall, it is somewhat encouraging for equities.
Yields are unlikely to keep going up in a straight line. Investors may buy should yields rise to 1.50 percent.
Yields are the main factor driving flows. The key factor supporting the dollar is expectation of higher rates and acceleration of inflation expectations.