Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Australian Household Spending Dips in December as RBA Tightens Policy 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
The U.S. 10-year Treasury yield jumped to 4-year high Monday even as global stock prices rebounded and as concerns over inflation continued. Traders are waiting for new consumer price data coming Wednesday, but fears that inflation numbers might creep up faster-than-expected were affecting the bond market Monday.
The yield on the benchmark 10-year Treasuries jumped 5 basis points to 2.88 percent, the super-long 30-year bond yields surged 4 basis points to 3.17 percent and the yield on the short-term 2-year traded nearly 5-1/2 basis points higher at 2.11 percent by 11:15GMT.
The key day for global markets this week will be Wednesday when the US reports January CPI and retail sales. The former will be of particular interest to see whether the firmer momentum in core inflation seen in the closing months of last year has been sustained, especially in light of the current nervousness in bond markets. Headline retail sales will be weighed down by weaker auto sales, but core spending could well advance on the 0.4 percent m/m gain seen in December.
A busy Thursday will see the release of the latest PPI and IP reports, the NAHB housing index, and New York and Philadelphia Fed manufacturing surveys. The week will close with the preliminary February University of Michigan consumer survey and January housing starts/permits data.
Meanwhile, the S&P 500 Futures jumped 1.15 percent to 2,648.00 by 11:15GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -37.37 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
