What treasury should be doing now to bridge the gap to a new benchmark interest rate.

"If you know what the 10-year Treasury is doing, you can predict all other markets," Nuveen strategist Brian Nick says.

Disinterest in reopening communication channels active under President Obama indicates a continuing deterioration in ties between the world's two biggest economies.

Citing Peter Thiel's $5 Billion Roth IRA, the House Ways and Means chairman is working on legislation to "stop IRAs from being exploited."