*WHAT HAPPENED OVERNIGHT* - Reversal of aggressive moves lower in equities/UST yields - S&P-500 +0.57% (2.3% off lows), Nasdaq +1.29% (2.2% off lows) - UST 5y yield -7 bps to 2.86%, 10y -8 bps to 2.82% - Brent oil -3.9% to $102.51/bbl - USD remained bid & broad outperformer 3.3K views02:31