In light volume, equities are trading with a heavier bias, bonds are mostly firm, and the dollar is softer against the major currencies. China's equities standout with the Shanghai Composite falling over 1%. South Korea, Australia, and Indian markets eased, but most of the smaller bourses gained. Japanese benchmarks were mixed. Europe's Dow Jones Stoxx 600 is slightly lower, led by losses in financials and utilities. US shares are little changed. Benchmark 10-year yields are 1-2 bp lower, led by the UK Gilts. Of note, the generic 10-year Japanese government bond yield is above zero for a third consecutive session. ... (full story)