The 10-year Treasury yield is knocking on the door of 3%, a level it hasn't topped in more than four years, as U.S. stock index futures slip 0.1% to start the week.
Signs of a thawing of relations between the U.S. and China are putting upward yield pressure as rising commodity prices force inflation expectations higher.
The last time yields neared the 3% bulwark was in 2013, when it rocked risk appetite and came shortly before oil prices came crashing down.
(4/23) 5:30 a.m. ET: The 10-year Treasury yield +4 bps to 2.996%.
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