Treasury Action: yield have continued to creep higher as a number of factors impact

Treasury Action: yield have continued to creep higher as a number of factors impact. Wall Street has climbed to session highs with the S&P 500 up over 2% with energy leading broadbased gains. WTI oil prices have climbed with the Jun contract over the $14 bbl mark. There's been an easing in coronavirus cases, with a number of regions and states looking to phase in reopenings in coming weeks. The corporate calendar has also been building, though the paper has been well digested. There's another massive relief bill on the way. The drop in the 5- and 10-year yields was also halted after testing record lows Tuesday. The 10-year note is now over 6 bps higher at 0.630%, with the 5-year up over 4 bps to 0.378%. The curve has steepened too, and is over 41 bps. And while a coronavirus recession is expected, the spread narrowing heightened fears of a deeper, more prolonged downturn.