The S&P 500's longest advance this year was stopped seemingly as concern that the flare-up in the virus will slow the recovery. The sell-off in airlines and hotels helped spur a broader bout of profit-taking. Most Asia Pacific bourses advanced, led by the continued rally in Hong Kong and China. Europe's Dow Jones Stoxx 600 is posting its first back-to-back decline in nearly a month. Benchmark yields are mostly 1-2 bp softer, but China and the US are exceptions. China's 10-year yield is pushing above 3%, while the US yield is slightly higher near 65 bp. The dollar is posting minor losses against most of the major ... (full story)