The capital markets have begun stabilizing after yesterday's dramatic moves. The MSCI Asia Pacific Index did, though, see follow-through selling, and the third consecutive loss saw the benchmark close below its 200-day moving average for the first time in a year. Europe's Dow Jones Stoxx 600 is posting small gains to snap a four-day drop. US futures are also trading higher. The US 10-year Treasury yield sank to 1.17% yesterday in heavy volume, 60 bp off its March peak. It finished below its 200-day moving average for the first time since early November. The 30-year bond yield fell to five-month lows. Both yields are ... (full story)