Quotes from Westpac Research:
- US 10yr treasury yields spiked around noon London time to 2.16% - a six week high - but then returned to 2.11% (little changed from the previous day's NY close) before the FOMC minutes pushed them down to 2.07%.
- The 2yr yield similarly ranged between 0.65% and 0.69% before slumping to 0.59%. Fed fund rate futures have shifted the expected hike date from July to August.