Overview
In light volume, equities are trading with a heavier bias, bonds are mostly firm, and the dollar is softer against the major currencies. China's equities stand out, with the Shanghai Composite falling over 1%. The South Korea, Australia, and Indian markets eased, but most of the smaller bourses gained. Japanese benchmarks were mixed. Europe's Dow Jones Stoxx 600 is slightly lower, led by losses in financials and utilities. US shares are little changed. Benchmark 10-year yields are 1-2 bp lower, led by the UK Gilts. Of note, the generic 10-year Japanese government bond yield