Overview: There is a nervous calm in the capital markets. Yesterday's rally in US shares failed to excite global investors. China, Hong Kong, and Taiwan markets fell, while Japan was mixed. Foreign investors continued to sell Korean shares, but the Kospi rose. European shares narrowly mixed, leaving the Dow Jones Stoxx 600 little changed. There are two notable exceptions to the slightly softer 10-year benchmark yields. The first is the couple basis point increase in China (to a little above 3.3%). The other is the four basis point decline in UK Gilt yield to a