By Chris Becker
The rally in bonds was short lived overnight as 10 year US Treasuries fell 9 points while European yields rose particularly in the periphery with Greek yields shooting up over half a percent on the continued negotations on its debt crisis. The US dollar rallied alongside US stocks after Apple surged on further buyback rumors.
Recapping Asia, it was a dour mood across the region with the Shanghai Composite slipping 0.6% to just below 4300 points while in Japan, a weaker Yen sent the Nikkei 225 up nearly 1% pushing above short term resistance and confirming the ascending triangle pattern:
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