Investors continued to flee bonds and snap up commodities on hopes the rollout of COVID-19 vaccines will reinvigorate the global economy, sending stocks lower at the beginning of the week.
The yield on the benchmark 10-year Treasury rose as high as 1.39%, after rising 14.5 basis points last week.
The yield on the 10-year U.K. gilt  and German bund also increased. (Yields move in the opposite direction to prices)
The move in the bond market is also an indication of market inflation fears.
The US dollar rally earlier in the year has taken a pause, as other major currencies have made inroads against the US currency as the Federal Reserve may need to print more USD to reflate the economy.

Economic growth remains muted in the developed economies, although inflationary pressures have been increasing in the UK, Europe and the US.

The price of platinum is still on 6 year highs again as a result of inflation concerns. However if markets perceive that the US is reflating then that could dent its rally.
Reflation can be considered positive for economic recovery, as rising prices are part and parcel of rising output after an economic dip. Rising prices are also considered a benefit to the economy, as rising company profits lead to expansion and job creation. However, the current market fears that inflation is a headwind to the same economic recovery the reflation trade is banking on.

Copper has been very strong; in a week has seen a 10% or $800 increase in its value. The base metal is on track for its eleventh monthly advance in February, for the first time in history. Demand has skyrocketed on the expectations of an economic recovery, which is ironic, as it is the opposite to the reason given for the increased demand for platinum; time will tell as to which metal is the better indicator.
Fears of a second wave in China subsided and there was clear commodity buying as Chinese New Year ended.

Crude oil prices however, might be weighed by a downbeat energy demand outlook that tends to offset the positive impact from a weaker US$.
Economic figures light this week with UK unemployment numbers and European / American inflation numbers the standout.

Economic calendar