Even so its still well within what you would expect in normal...

Even so its still well within what you would expect in normal trading (0.4-0.5%).

The Aussie is still on the highs of the day ~0.7873 so its not as if markets have moved sharply back into Risk-off mode following this move in equity futs..

I think markets are starting to get slightly more comfortable with 10yr Treasuries up at 2.85% - even more so when you look at real rates or inflation breakevens..

Hopefully all this equity market fear that prompts comments like this continues to dissipate so we can get on with it..

GLTA