Market Brief – Monday 6/6/22

Stocks rallied in overnight trading as investors continue to bet on a Bear market rally. Treasury yields also rose in overnight trading, as sellers continue to slam bond prices lower in pre-market trading. Both stocks and Treasury yields rose in early trading.

Stocks reversed most of their overnight and early morning gains to close a bit higher on the day. Treasury yields closed sharply higher in advance of this week’s Treasury auctions and inflation data.