Whether Federal Reserve Chairman Powell tried to soften yesterday his more hawkish comments on hiking faster, higher on Tuesday, this morning's higher than expected weekly claims data have spurred further rebound in yield curves this morning.
Tsy 2s10s currently at -102.638 (+6.076), well off Wednesday's early low of -110.917 (1981 low). while 5s30s is currently at -39.443 (+6.390).
From a technical standpoint, 5s30s may be seeing a double bottom scenario - the Sep lows from last year have held and the trend is oversold. There is a potential for a recovery back towards levels close to 30.00 and the Dec lows from last year:

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Bullet Markets Fixed Income News Homepage

Bill Sokolis

Bullet Markets Fixed Income News Homepage

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Brief Look at Curve Steepening, 5s30s Double Bottom