Easy come, easy go
10-year yields have now fallen back down to 1.174% after having settled around 1.20% to 1.21% in early European trading.
With this, USD/JPY has also erased its earlier advance from 109.70 to fall to session lows now just under 109.40. European indices have also largely erased its earlier advance with US futures trimming

The market breathes in an air of calm so far in European trading
After the sharp declines yesterday and the deterioration of the risk mood, things are looking calmer today with European indices up by around 0.8% to 1.0% while US futures are also gaining modest ground; S&P 500 futures up 0.5%.