Good morning, I'm filling in for [PERSON_NAME]. Oil prices are starting the week on a softer note, which is taking some pressure off long-term bond yields. Both moves are in anticipation of Treasury Secretary [PERSON_NAME]’s plan to outline an "economic D-Day" for [ADDRESS] this afternoon.

Meanwhile, futures are pointing to a down open for tech stocks, which are under pressure ahead of Nvidia’s earnings Wednesday. A $40 trillion national debt pile sounds like an abstract number, until it starts to show up in Americans' mortgage bills. Investors are demanding a higher return to lend to the [ADDRESS] government.

Several things are behind the recent rise in long-term bond yields, including sticky inflation and a less predictable Federal Reserve. But worries about [ADDRESS]’s finances are also a factor. Total public debt outstanding officially passed the $40 trillion mark last week.

Moves in the bond market influence the price of home loans, which track the 10-year Treasury yield. The rate on a 30-year mortgage has been above 6.6% for most of August. Expensive mortgages are making it harder to get housing deals done.

Existing home sales fell 1.7% in July over the previous month. Tuesday's release of sales for new homes in July is expected to continue showing a sluggish market.