Equity markets in the Asia-Pacific region were mixed with falls in Japan but rises in other jurisdictions including China. Benchmark US 10-year Treasury yields are little changed overnight, staying below 4.40% close to recent lows. In the UK, the British Retail Consortium’s shop price index released overnight revealed inflation at a 17-month low of 4.3% in November, down from 5.2% in October. Bank of England MPC member Dave Ramsden warned, however, that inflation has become more ‘homegrown’ and that policy will need to be ‘sufficiently restrictive for sufficiently long’ to return inflation to the 2% target.Part of ... (full story)