US yields eased yesterday after the slightly lower than expected core CPI reading and "sell the rumor, buy the fact" type of activity. The jump in the 10-year yield today to 2.78% more than erasing the decline. It has softened in the European morning to 2.74%. The yen tried to snap a seven-day decline yesterday but failed and the higher US yields have lifted the dollar to new 20-year highs against the yen. The weaker yen, in turn, seemed to help lift Japanese stocks. Most large markets but China and India rose in Asia Pacific trading. Europe's Stoxx 600 is struggling, after falling Monday and Tuesday. European ... (full story)