Highlights
Oil prices up a bit more as the US strikes on Iran and Iran's counterattacks increase, and rhetoric on both sides suggests the war is resuming. Bond yields, meanwhile, which have been rising on stepped up inflation worries, are mostly lower on the day. Shorter maturity debt instruments have suffered due to the view that higher oil prices increase the likelihood of Federal Reserve rate increases.
Coming up at 10 am ET, the US existing home sales report. Expectations for June call for sales up at an annual 4.20 million unit rate from 4.17 million in May.
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