"The yield on the 10-year Treasury rose 1.8 basis points to 4.224% as Japanese yields climbed by 4 basis points to 2.274%. The U.S. dollar was down 0.24% against the yen after initially gaining. Gold rose 1.46% to $5,052 per ounce, and silver climbed 3% to $70.16, also rebounding a bit from massive dives earlier. U.S. oil futures fell 0.88% to at $62.99 a barrel, and Brent crude lost 0.91% to $67.43."
"On Sunday, Japanese Prime Minister Sanae Takaichi's party won a two-thirds supermajority in the lower house of parliament, as voters gave a resounding endorsement of her right-wing agenda, which includes fiscal stimulus. But expectations that the stimulus will worsen Japan's budget deficit and massive debt load have been putting upward pressure on bond yields. That in turn is dragging Treasury yields higher as Japanese debt becomes more attractive relative to U.S. debt."
U.S. stock futures rose on Sunday, with Dow futures up about 100 points, S&P 500 futures up 0.35% and Nasdaq futures up 0.64%, pointing toward another potential record session. The Dow had surged about 1,200 points on Friday to top 50,000 for the first time as chipmakers and airlines led a rebound from a deep selloff. The 10-year Treasury yield climbed to 4.224% as Japanese yields rose to 2.274%, and the dollar weakened versus the yen. Japan's Prime Minister Sanae Takaichi's party won a two-thirds lower-house supermajority, and expectations of fiscal stimulus pressured bond yields and lifted demand for Japanese debt relative to U.S. Treasuries. Gold and silver rebounded while oil edged lower. Investors await retail sales, the monthly jobs report and the January consumer price index.
Read at Fortune
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