The pullback ins US shares yesterday has not derailed the global advance. Japanese and Chinese markets were mixed, the Hang Seng slipped, and Indonesia was hit with profit-taking, but the MSCI Asia Pacific Index eked out a small gain. It has fallen once past two and a half weeks. The Dow Jones Stoxx 600 opened higher but is falling for the third consecutive session. It has fallen 1.5% over the past two sessions, and US shares are trading a little lower. Benchmark 10-year bond yields are narrowly mixed. The US 10-year yield that was flirting with 90 bp at the end of last week is struggling to hold above 80 bp now. ... (full story)