S&P 500 futures gain as Treasury yields fall further, Microsoft and Alphabet earnings loom

U.S. stock futures advance as Treasury yields fall further, while Microsoft and Alphabet earnings loom.

The 10-year Treasury yield BX:TMUBMUSD10Y fell 3.3 basis points to 4.817%, extending its decline after hitting a 16-year high above 5% at the start of the week. “As we hit 5% the famous and not so famous buyers seemed to come out of the woodwork,” said Jim Reid, strategist at Deutsche Bank.

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