US yields rose as bond investors geared up for interest rate hikes from the Federal Reserve by mid-year to curb stubbornly high inflation
MSCI's broadest gauge of global shares was flat in European trading, broadly unchanged on the week, buoyed by early gains across most European markets, with Britain's FTSE 100 up 0.4%.
Bond dealers welcome move, say this would help correct distortion in the yield curve
The year 2021 will be one of the strongest years for global growth in history
A rebound in regional economic activity and a drop in US yields boosted sentiment.
Gold prices rose on Monday to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging Covid cases in some Asian countries boosted demand for metal
Benchmark U.S. bond yields hovered near a one-month low hit in the previous session, while the dollar edged lower against its rivals.
The payroll figures showed broad-based gains across industries, led by a 280,000 surge in leisure and hospitality
The dollar index jumped to a more than four-month high, making greenback-denominated gold more expensive for holders of other currencies.
The Indian bond market, which has been following the rise in US yields of late, should be able to temper its demand for higher yields
NASDAQ futures rose 1.6% and S&P 500 futures 0.8%
The 10-year bond has been a good proxy for the natural or neutral rate for many years. This may not be so now