Overview: Equities began the week on a firm note in the Asia Pacific region. The Nikkei gained more than 2%, and the profit-taking seen in China ahead of the weekend was a one-day phenomenon. The Shanghai Composite rose 1.8%, and the Shenzhen Composite surged 3.5%. Taiwan and South Korea markets also rallied more than 1%. European and US stocks enjoy more modest gains of around 0.5%-0.6%. Benchmark 10-year yields are mostly 2-3 bp higher, though the US 10-year Treasury yield is a little softer around 64 bp. European sovereigns are expected to sell around 36