Overview
After shunning risk yesterday, investors re-entered the fray today and the animal spirits returned. The MSCI Asia Pacific Index snapped a four-day slide, and China's markets were among the few losers in the region today. Europe's Dow Jones Stoxx 600 recovered yesterday's losses in full and is again at record highs. US shares are also trading firmer and are poised to recoup yesterday's decline. Benchmark bond yields are narrowly mixed today with the European periphery outperforming, as one would expect in a risk-on mood. The US 10-year yield is near 1.54%. In the foreign