Overview
The global capital markets are calm today as investors await fresh trading incentives. New record highs in the US equity indices gave Asia-Pacific stocks a lift, though China and Taiwan were notable exceptions. Europe's Dow Jones Stoxx 600 is firm at new record highs set last week. US equities are edging higher in Europe. Benchmark bond yields are little changed. European yields are a little lower, while the US 10-year is steady around 1.78%. UK short-term rates are steadying after their recent drop as the market discounts a greater chance of a cut later