MORNING BID- Sell in May – Reuters

Ten-year U.S. yields immediately turned tail, rising towards 1.7%. One source of convenience could be the fact the Fed meeting was held prior to the dismal April tasks data.The word “transitory” appeared 8 times in the minutes in a reference to inflation, Natwest analysts point out.The truth stays though that world stocks are on course for a monthly loss for the first time considering that January.On the macro front, the variety of strong information continues. Japanese exports grew the most since 2010 in April while capital spending perked up on rising international demand for cars and electronics.Citis financial surprises for the U.S., Europe and Asia have actually all been running in positive area for over eight months.In business news, shares in Kingfisher and Bouygues are set to increase after their quarterly updates.Finally, Bitcoin has actually bounced 7% but remains 39% off the peaks hit 5 weeks ago.Key developments that need to provide more direction to markets on Thursday: * China keeps lending benchmark rate unchanged for 13th straight month * Euro zone inflation surge is temporary -ECBs Schnabel * German PPI * BoE Deputy Governor Jon Cunliffe 0900 GMT * ECB President Lagarde 1200 GMT * IMFs Managing Director Kristalina Georgieva * Bank of Canada Governor Tiff Macklem presser 1500 GMT * Federal Reserve: Dallas Fed President Robert Kaplan * South Africa central bankmeeting * Russian and U.S.foreign ministers Lavrov and Blinken to meet * Auctions: French 15Y and 10Y; United States 10Y TIPsReporting by Danilo Masoni; modifying by Sujata