Morning Bid: Bonds burn on as China rate cut underwhelms

News Snapshot:

A sign is seen outside the 11 Wall St. entrance of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2021. REUTERS/Brendan McDermid Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan There's been little let up in this month's U.S. bond burn and China continues to fall short of what markets think is needed to stabilise its economy - making for another nervy start to the financial week. Although prompted by a deepening property sector bust and worrying economic activity undershoot, China's latest widely expected interest rate cut...