Our top 10 things to watch in the stock market Monday

Stocks are poised for a strong open, which could have implications for bond yields. Typically, when equities rally, investors tend to sell bonds, which can drive up yields. This is because investors rotate out of fixed-income assets and into equities, seeking higher returns. As a result, bond prices may decline, leading to higher yields.

Meta's price target boost at Wells Fargo is also worth noting. The social media giant's stock is up sharply, which could have a ripple effect on the broader market. However, from a bond perspective, the news is more nuanced. Meta's debt profile is relatively healthy, with a manageable debt-to-equity ratio. Still, any significant changes in the company's outlook could impact its credit rating, which in turn could affect its bond yields.

Looking ahead, investors will be watching to see if the strong open holds throughout the day. Also on the radar is the upcoming Treasury auction, which could provide insight into investor appetite for government debt. Additionally, keep an eye on economic data releases, including the ISM manufacturing index, which could influence expectations for interest rates and bond yields.

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