Key Facts
US Treasury yields firmed, pushing the 10-year yield to 4.74%, as traders squared positions ahead of a heavy week of American data that will test the soft-landing thesis.
Wall Street notched gains, with the Nasdaq climbing 1.00% and the S&P 500 adding 0.70%, a buoyant session led by technology shares as the VIX fear gauge sank 6.44% to 15.99.
The dollar index barely moved, sitting at 99.914 as markets awaited the JOLTS job openings print and the ISM manufacturing survey, twin releases that could reset the rate-path debate.
Gold came under pressure, dropping 1.33% to $4,051 an ounce as the rise in bond yields and a steady dollar eroded the appeal of the non-yielding metal.
