Highlights
On a quiet day for scheduled news events, markets watching oil futures closely as prices continue to rise and Brent crude approaches the psychologically important $100 a barrel level. Over the long weekend for US markets, more strikes and counterstrikes between the US and Iran, and lots of analysts arguing that prices are heading much higher as supplies are getting short while China, the big buyer, returns to the market after holding back through the first part of the US-Iran war and the subsequent interruption of flows through the Strait of Hormuz.
US bond yields appear relatively steady near recent highs despite rising oil prices. Traders are awaiting consumer price and producer price figures due at the end of the week for the next impetus for rates.