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4/21/2021 11:02:53 AM GMT
Overview: The sell-off in US equities yesterday helped drag the Asia Pacific bourses lower today, with the Nikkei leading the way with a 2% drop. Australia held up among the best among the large regional markets with a 0.5% loss. The sell-off stopped in Europe, where the Dow Jones Stoxx 600 is up about 0.3% near midday, led by the information technology and health care sectors. However, the US future indices are sporting small losses. The US 10-year yield has stabilized near 1.57% after dropping more than four basis points yesterday. The yield peaked 20 bp higher on March 30 and has fallen in back-to-back weeks for the first time since last September. European bond yields are mixed, with the core slightly higher and the periphery a little lower. The greenback is mostly firmer, though the Canadian dollar is resilient ahead of the Bank of Canada meeting outcome. The euro held the $1.20 level on a test, and a
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