and it is a day characterized by investors continuing to reposition after Donald Trump's victory in the US presidential election.

US treasuries along with other global benchmarks sovereign debt continue to sell off on Monday

as the prospect of tax cut and infrastructure spending are increasing expectations for US growth and inflation, pushing rates higher.

The probability of a rate increase by The Federal Reserve when it meets in December

is now at 92% with analysts beginning to question

whether rapidly rising inflation expectations and a steepening yield curve may push the Fed to raise rates more quickly through 2017.

In equity markets the S&P 500 edged slightly lower, curtailing its strong rally from last week which ranked as its best in two years.

The US dollar continue to climb also spurred by rising growth expectations.

A strong dollar in turn is weighing on oil markets and Brent Crude slipped below 44 dollars before stablizing in the afternoon.

Doubts over OPEC's ability to agree, supply curves continues to drive prices lower.

And that's the New York Minute.