Jim Cramer's top 10 things to watch in the stock market Monday

Oil prices are declining as U.S.-Iran peace talks resume, which could lead to an increase in global oil supply. This development has a direct impact on inflation expectations and subsequently on bond yields. Lower oil prices typically ease inflationary pressures, which can lead to lower yields as investors adjust their expectations for future interest rates.

A potential massive merger in the pharmaceutical industry is also making headlines. While the details of the deal are not specified, large mergers and acquisitions (M&A) activity can have implications for credit markets. In the pharmaceutical sector, deals of this size often involve significant debt issuance, which can affect bond market liquidity and investor sentiment. If the merger materializes, it will be crucial to monitor the companies' credit metrics and the structure of the deal.

Looking ahead, investors should keep an eye on the progress of the U.S.-Iran talks and any updates on the potential pharmaceutical merger. Additionally, the market will be watching for any economic data releases this week, particularly inflation indicators, which could provide further insight into the trajectory of interest rates and bond yields. The upcoming week's events will likely influence market participants' expectations for future monetary policy decisions.

Originally reported by cnbc.com. BondNews adds analysis for finance & markets readers.