Morning Bid: Some payback, but bonds hug gains on oil

A trader works on the floor of the New York Stock Exchange shortly before the closing bell as the market takes a significant dip in New York, U.S., February 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets from Mike Dolan World markets are trying to calibrate last week’s steep rally in stocks and bonds – tempering some of the overcaffeinated rate cut hopes that emerged but sustaining the bulk of the gains and lapping up a fresh oil price slide. With Federal Reserve officials unlikely to commit either way…