Economist cover: The union’s troubled state

China owns $1.2 trillion in US Treasury bonds

Bitcoin mania recalls late-1990s, dot.com stock bubble

Stocks rallied to start the week on earnings optimism before losing momentum over rising bond yields, as the 10-year Treasury yield moved above 4.9% for the first time since 2007.

Investors are turning to the euro and yen as safe havens amid rising global uncertainty and currency market volatility. Slowing US labor markets, tariffs, and an impending Fed easing cycle weigh on the dollar, adding to a bearish outlook.