The yield on the US 10-year note was 7 basis points lower to 3.79 per cent at 1.45pm in New York, extending its earlier retreat. On Wall Street, the NYSE Fang + Index more than 2 per cent higher, paring its earlier gain in half. Communication services and information technology paced eight of the S & P 500’s industry 11 sectors higher. All 11 had been higher earlier. Global fund managers still ‘uber-bearish’: BofA survey Equities are in rally mode, yet global fund managers continue to sit on the sidelines, according to a monthly Bank of America survey. Investors also...