Global equity markets are stabilizing today, and the dollar is once again on its back foot. Chinese markets led a mixed regional performance with a 2%-3% gain, while South Korea and Hong Kong markets also advancing. The strength of the yen appears to weigh on Japanese shares. The Nikkei fell for the fourth consecutive session. European stocks are posting small gains as financials and energy blunt strong gains in real estate and consumer staples. US shares are firm. Bond markets are quiet as the US 10-year hovers around 58 bp, and real yields are near record lows. The dollar value of negative-yielding debt hit a new ... (full story)