• The 10-year Australian and New Zealand yields rose by around 10 basis points in early trading, after their US equivalent rose 14 basis points Friday. Those on two-year Treasuries jumped as much as 20 basis points to over 4.4%, the biggest one-day spike since March.
• The dollar strengthened against major currencies early Monday.
• Investor bets for a rate cut in March by the Fed tumbled Friday to around 20% from almost 40% on Thursday, as economic resilience reduces the likelihood of imminent policy easing.
• Oil prices rose following US and UK strikes against Houthi targets over the weekend. The Iran-backed Houthis have vowed to respond. The price of West Texas Intermediate rose around 0.8% in opening trade Monday, after falling 7.4% last week, its largest one-week decline since October.