Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
The 10-year Treasury yield clawed its way back to a new four-year high Monday after an equity sell-off that it helped cause sent its rate back down last week.
The yield on the benchmark 10-year Treasury note was slightly higher at 2.860 percent at 4:22 p.m. ET, while the yield on the 30-year Treasury bond also ticked up to 3.146 percent. Bond yields move inversely to prices.
Earlier Monday, the 10-year Treasury yield rose to 2.902, its highest level in more than four years as concerns over inflation continued. The 30-year bond yield rose to its highest level since March 14, when the bond yielded as high as 3.215 percent. Traders are expecting Wednesday's Consumer Price Index (CPI) for January to validate fears that inflation is ramping up.
Investors expect CPI growth of 0.3 percent month over month and 1.9 percent year over year, according to StreetAccount.
Robin Griffiths, chief technical strategist at ECU Group, told CNBC on Monday that inflation fears and thus the current state of the bond market are not offering investors the safe option that they usually have when stock prices come down.
"In normal rotation from bull to bear, you'd go straight into government bonds, but this is the problem. With interest rates going up, because the economy is strong and inflation is picking up, government bonds have become not the safest asset class in the planet but toxic waste," he said.
"So, by relative comparison, you're sort of trapped into equities even though you know they are not good value," he added.
Last week, the yield on the 10-year soared over 2.88 percent, clinching a 4-year high and sparking a week of equity turmoil. With stronger-than-expected wages numbers in the Labor Department's recent jobs report, investors have been worried that rising inflation could undermine the value of debt's fixed payments.
But equity traders headed for the exits as yields rose, pivoting to safe havens like Treasurys as the Dow Jones industrial average hemorrhaged value, spurring bond purchasing and sending yields off their highs.