Last week's bond market rally has stalled. Benchmark 10-year yields are up 1-3 bp in Europe, and the three bp increase in the US puts the yield slightly below 1.50%. Equities were mixed in the Asia Pacific region. Japan, Hong Kong, South Korea, and Australia nursed losses after the regional benchmark (MSCI) rose 0.65% last week. The Stoxx 600 had a seven-session rally in tow, but it is little changed in the European morning. It rose 1.65% last week. US futures indices are hovering around little changed levels after new record highs were set before the weekend. The US dollar is narrowly mixed. The New Zealand dollar ... (full story)