US 2-year yields are 20 basis points from the lows, nearly positive

  • US 2-year yields now barely negative
US 2 year yields
US 2 year yields, 5 mins

The panic in bond markets has steadily reversed in the past 90 minutes.

From being down more than 20 bps, US two-year yields are now down just 2 bps on the day. That's helped to draw a line under USD/JPY and led to some broader US dollar buying.

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