Monday, April 23–Jim Wyckoff’s Morning Markets Report
World stock markets were mostly lower overnight. U.S. stock indexes are pointed toward slightly lower openings when the New York day session begins.
U.S. Treasury bond yields are on the rise again early this week, with the yield on the 10-year note nearing 3%, which is a multi-year high. Such suggests rising inflationary pressures, but not yet at problematic levels.
The key “outside markets” on Monday morning see the U.S. dollar index trading higher. Nymex crude oil prices are weaker and trading just above $68.00 a barrel.