Risk rebounds as Pfizer reveals a third dose of their vaccine neutralises omicron variant

European stocks are bouncing back to positive territory while US futures have soared on the Pfizer news here.

S&P 500 futures had earlier pared gains of around 0.4% to flat levels but are now up 0.5% on the day. Meanwhile, Treasury yields looked heavy after news of further imminent UK virus measures but have bounced back strongly.

10-year yields were down to 1.43% but have pared that drop to 1.47% now. In the meantime, 2-year yields are keeping their focus well on the Fed and rate hikes in a climb to 0.70%: