Atlanta Fed President Bostic's comment, indicating no need for more rate hikes, the temporary return of calm to the crude oil market, and the flight to safety demand, resulted in lower Treasury yields. The fall in bond yields, coupled with a Bloomberg story suggesting China is considering higher fiscal deficit spending, contributed to a rally in US equities for the third consecutive day. Pepsico reported an earnings beat and an upbeat outlook, which boosted sentiment in consumer stocks. The DXY index pushed below the key 106 support. US Equities: Dovish Fedspeaks, a fall in bond yields, and a Bloomberg story ... (full story)