After an ugly week, market participants have returned with strong risk appetites. Equities are rebounding, and the greenback is paring recent gains. Bond yields are firm, as are commodities. Asia Pacific equities got the ball rolling with more than 1% gains in several large markets, including Japan, China, Hong Kong, and Taiwan. The MSCI Asia Pacific Index slumped 4.4% last week. Europe's Dow Jones Stoxx 600 shed 1.5% last week and is also off to a firm start (~+0.4%). US futures are around 0.3% higher. The 10-year US benchmark yield is around 1.28%, a couple basis points higher, and European yields are 3-4 bp ... (full story)