Dow jones futures graph the current "Dow Jones futures graph"

The current "Dow Jones futures graph" demonstrates resilience, with modest gains driven by defense-related stocks amid rising government spending expectations. “Bond yields have made a huge move lower and have made a big move up; it’s market madness on Monday, the 10-year yield is only down a few basis points as of this second,” HousingWire Lead Analyst Logan Mohtashami said at 10:32 a.m. EST. “ Mortgage pricing should be lower today, but the close of today with the 10-year yield is key because short term bonds are very overbought.” Partly as a result, and even allowing for the deflationary impact of lower oil prices, "we assume U.S. inflation will now peak at 4% or so," Capital Economics wrote, or double the Federal Reserve's 2% target. "U.S. GDP growth should be 1.0% to 1.5% annualized over the next 4 quarters." The "Dow Jones futures graph" reflects optimism from Asian market rallies overnight, which is spilling over into U.S. futures sentiment ahead of the opening bell.