US 30-year yields are down 12 basis points from the highs and now trading lower on the day. That turnaround is salvaging global risk sentiment and leading to a rise in US equity markets.
The S&P 500 is now up 1.4% on the day to a session high.
The market may be sensing some good news on the US-China front as some soft feelers about phone calls are out there. Apple is one of the most China-sensitive companies and it's trading up 4.6% and testing Wednesday's high.
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