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Daily Alert: No news is good news

  • More positive (less negative?) sentiment continues to creep back into financial markets, driven by nothing in particular
  • Global stock indices posted decent gains with the S&P500 up 2.8% and the Eurostoxx 50 lifting 0.7%
  • Better risk sentiment also filtered through to bond markets with the US 10-year Treasury yield up a hearty 9bps or so after reopening after the US holiday

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