Highlights
Oil futures prices are up again on Monday and global bond yields are tracking oil prices higher after hopes faded for progress on a diplomatic solution to disrupted energy flows from the Middle East. The move up came after President Trump rejected Iran's latest offer of a truce. Meanwhile, a heavy slate of Federal Reserve speakers this week is expected to underscore the Fed's likely response to its inflation concerns. Markets are increasingly pricing in a 25 basis point rate increase at the October policy meeting and another 25 basis points in December.
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