 The US dollar is on the backfoot in the past hour and its being driven by the bond market. US 10-year yields are down 4.6 bps to a session low at 3.42.The decline in yields is part of a broader deterioration in the risk tone. SP 500 futures are down 35 points to 3998, or 0.9. The decline came after poor guidance from Microsoft in the conference call, turning a big gain into a 3 decline.The market is expressing more worry about a harder landing in the US economy and thats c... 