Stocks and bonds barely budged Monday as thin holiday trading kept things sleepy — investors cheered last week’s tame US inflation print and pushed bets that the Federal Reserve will ease rates later this year.
Futures on the S&P 500 were essentially flat while Europe’s Stoxx 600 eked out a small gain. A bright spot: NatWest Group Plc jumped after Citigroup Inc. nudged up its price target on the lender. Meanwhile, German bunds and US Treasury futures sat steady after US yields hit their lowest levels since December.
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