Instruments for the Bond Verdict

Korea’s sidecar night met a calm European morning.

Around noon Berlin time the DAX was −0.04% and the Stoxx 50 +0.08%, with US futures sitting either side of unchanged — Nasdaq contracts −0.20% at 29,528 against a 29,586 reference, S&P futures −0.02%. The 10-year was easing, not rising, at 4.706% against 4.724%; dollar-yen printed 159.05, drifting further below the 159.5 wire it broke Monday night; the …