The strong equity market rally seen at the end of last week is carrying into today’s activity. Most of the large markets in the Asia Pacific rose by at least 1%. After a 2.6% rally before the weekend, Europe’s Stoxx 600 is up around 0.8%. US futures are around 0.5% after a soft opening. Benchmark 10-year yields are jumped 7-11 bp in Europe and peripheral premiums are widening. The 10-year US Treasury yield is around three basis points higher around 3.16%. The US dollar is mostly heavier against the major currencies. Sweden is expected to hike by 50 bp later this week and the Swedish krona is the strongest of the ... (full story)