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


New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
Trump Defends Economic Record in North Carolina as Midterm Election Pressure Mounts
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations
U.S. Stocks End Week Higher as Tech Rally Offsets Consumer Weakness
Best Gold Stocks to Buy Now: AABB, GOLD, GDX
South Korea Warns Weak Won Could Push Inflation Higher in 2025
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 



