GLOBAL MARKETS-10-Year Treasury Yield Hits 4%, Keeping Equity Bulls in Check

GLOBAL MARKET - LONDON/TOKYO. The benchmark 10-year Treasury yield rose to 4% on Monday after last week's U.S. labour market data dispelled fears of a recession, driving a paring of rate-cut bets, and supporting the dollar and equities at least initially.

Potentially market moving data this week is not due until Thursday in the form of U.S. CPI, and until then the tone remains set by Friday's data which showed the U.S. economy unexpectedly added the most jobs in six months in September.