The capital markets have turned quiet. There have been no more headline bombs about trade, and China set the dollar's reference rate much lower than projected. Asia Pacific equities were mixed. Hong Kong, China, India, and Singapore were on the downside, while Taiwan, Korea, and Australia rose. European markets hare heavy, and the Dow Jones Stoxx 600 is about 0.4% lower near midday in London. A lower close would be the fourth in the past five sessions. US shares are little changed. The six basis point decline in the US 10-year yield yesterday dragged down yields today. Greek bonds continue to play catch-up, and the ... (full story)