10-Yr: +20/32..2.907%.. USD/JPY: 86.40.. EUR/USD: 1.3058Long Bid: The market has been holding a bid with the long end leading as it recovers from recent pressure through spreads while the 10-yr is aiming at a 2.885% yield point. The rally had picked up velocity as they edged back to the highs, but volume remains wafer thin and the week-and-month stuff has largely filtered through so further ground will be tough. The short end is starting to play catch-up, but the 2-yr has been pushed through to yet further record levels, so there may be some limited upside. There has still reportedly been some residual size going through the 3-5-yrs against the 30 in a reversal of yesterday's moves. The curve in the form of the 2-10-yr yield spread has been flattened 234.5, levels last seen last Thurs. The dollar has been held lower but seeing some short coverage to try and get the index back up over 81.60, and may be able to take a run at the 81.80 point on further squaring. The euro has been tugged around the 1.3050 area and will be unlikely to gain much ground while the yen has been able to maintain its push under 86.50, through where players warn of options barriers, and levels last seen in Nov. The pound has also seen a big run-up to trade to levels from Feb. Gold has used the buck's break to pull higher also getting some late week squaring after dropping 3% since Mon with spot 1181.95 (+13.70), crude has also bubbled back on the session, after getting drilled on the lesser data now 77.79 (-0.55).