Tsy Yields & USD Fade From Post-Data Extremes

Little to really flag outside of U.S. yield driven movements, as 30s once again fail to establish themselves meaningfully above 5%, despite another foray through the round number (topping out around 5.05%).

• The recovery from cheaps in Tsys allows EGBs and gilts to find a bit of a base.
• Meanwhile e-minis operate a little above worst levels of the session, (-0.6% to -0.8%), with the NASDAQ 100 still leading the weakness owing to yield sensitivity and pressure resuming around the time of typing.
• The USD sits a little shy of best levels of the session.
• Precious metals and crude oil have also recovered from initial post-data lows.