US equities are making a nice comeback in early afternoon trade, recovering about 2/3rds of its intraday losses thus far. We remain down about a half-percent on the session.
Oil is rebounding strongly as well, more than a dollar above earlier lows. We’re now down $0.65 at $76.40.
US yields are drifting back up a touch. The 2-year note is back to 0.60% (helping give USD/JPY a boost from 87.25 lows). We now trade at 87.55.
EUR/USD is benefiting from the less-anorexic risk appetite this afternoon, back to the 1.2900 level.
