Major U.S. stock indexes rose within 0.81% on Monday. They had a positive start to the second half of the year, despite a sharp rise in bond yields.

The first half of the year ended with the S&P 500 up 14% and the Nasdaq up 18%, Business Insider reports. This momentum was driven by strong performance from technology companies and investor hopes that the Fed would cut interest rates. However, concerns about market concentration are present, as only a few stocks are leading the indexes to record highs.

The yield on 10-year treasuries jumped 12 bps on Monday. - to 4.469% - due to changes in the outlook for the US election. After the debate between Joe Biden and Donald Trump, the probability of Trump's victory rose by 6 percentage points, according to data from Goldman Sachs. Additional volatility was introduced by the elections in Europe.

Fed officials Jerome Powell and John Williams are scheduled to speak this week, which will set the tone ahead of the upcoming meeting this month. However, the main attention of investors will be focused on the employment report for June, which is expected on Friday.