Tech bearing the brunt of the rise in yields today
This is hurting broader sentiment in general as well but not by a whole lot as the rise in yields is sticking around 1.60% for the time being (for 10-year Treasuries).

Latest data released by Eurostat – 12 March 2021
That said, overall industrial production is still working its way back to pre-virus levels but at least the tighter restrictions aren’t having much negative impact for now.

Remarks by ECB policymaker, Madis Muller
If he’s trying to send a strong message, saying that the total PEPP envelope will stay the same isn’t really all too convincing. Nonetheless, with plenty of ambiguity as to how much so the ECB will pursue quicker and more purchases, they will have more to do in the months

EUR/USD falls to 1.1916, nears a test of its 100-hour moving average
It is all about the dollar and yields in European morning trade, as a surge in the former is keeping the greenback bid throughout the session so far.

EU governments reportedly brace for further delays to vaccine rollout
Adding to that is Johnson & Johnson, whose vaccine should be approved by the EMA this week, has yet to provide a delivery schedule for its vaccine.

Nasdaq futures up 2% on the day now
As Treasury yields are keeping lower, risk sentiment continues to fare better in European morning trade as equities – tech in particular – are shooting higher.

Spain’s health minister says there are no serious cases of blood clots related to the AstraZeneca vaccine in the country
six countries to suspend the vaccine temporarily

The main objective is to downplay the rise in bond yields, but how?
It will be all about the language and communication by the ECB today as the central bank looks to push back against recent bond market developments, or at least keep things in-check and prevent any further rise in yields just in case.

As announced by the Danish health authority
The rollout and use of the AstraZeneca vaccine is halted temporarily in the country amid concerns that it is leading to increased risks of blood clots.

Latest data from the Mortgage Bankers Association for the week ending 5 March 2021
Once again, amid the recent surge higher in yields/rates, it could dampen mortgage activity after the more robust recovery seen during the immediate period of the pandemic.