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After surging yesterday, equities are struggling to maintain the momentum that carried that S&P 500 to its best level since last October. Most Asia-Pacific equity markets advanced. Japan's small losses were a notable exception. The Dow Jones Stoxx 600 has advanced in four of the last five sessions and is little changed, while US shares are trading with a heavier bias. Yields edged up in Asia, but core yields in Europe are a little lower and the US 10-year yield, which jumped 10 basis points yesterday to 2.50% and re-inverted the 3m-10 year curve