TYBS - Dovish Fed Sends Global Yields Lower But Little Succor For Stocks

Overview: The dovishness of the Federal Reserve sent ripples through the capital markets. US equities reversed initial gains, but Asia Pacific equities edged higher, though Japanese markets were closed for a national holiday. European shares are struggling, as financials and consumer discretionary lead the 0.3% push lower. US shares are also trading with a heavier bias. Yields have come off and the US 10-year yield that had finished last week a little below 2.60% is now testing 2.50%. European 10-year yields are falling three to five basis points and puts the benchmark 10-year German Bund

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