There is something of a divergence in US equity markets with the S&P 500 flat but the Russell 2000 up 1.3% and the Nasdaq still down 0.3%.
In any case, the intraday move has been decidedly stronger after a poor open and despite higher Treasury yields.
It's spilling over to FX with the euro now up 25 pips to a session high at 1.0583.
