While global markets showed tentative signs of a rebound in sentiment in early Thursday trading, as the global bond rally showed signs of easing, with Treasuries turning lower alongside most sovereign debt in Europe, this quickly reversed around the time US traders start showing up at their desks, and European stocks faded almost all of their earlier gains, while U.S. equity futures drifted, once again within striking distance of the 2,800 key level.

After the 10-year US Treasury yield crept back above 2.37% during Asia trading, a renewed flight to safety saw the yield on the benchmark paper slide in the red again, as global bond yields continued to spiral lower on Thursday as recession fears fed expectations of more policy easing by major central banks, with the 10Y trading below 2.36% at last check.