花旗全球宏觀策略團隊歷史回測顯示，5%這一絕對水平對美股表現的區分度有限，收益率處於55日均線上方還是下方更有解釋力。近期美國長債收益率上升主要由能源價格、實際收益率和央行政策預期推動，美國期限溢價並未明顯擴張。對美股而言，10年期收益率上漲的速度與趨勢，比是否突破5%更有解釋力。

Spot gold opened about 0.4% lower, trading at $4,330/oz.

South Korea's industry minister said on Sunday Seoul will hold further talks with the U.S. early this week to finalise details of its $350 bln investment pledge to the U.S. As part of the broader commitment, a $200 bln strategic investment cap — including an annual $20 bln limit — has been agreed and will not change. The sides are close on many issues but some items remain unresolved; this week's talks will be held by videoconference.