S&P 500 futures steady as bond market sell-off abates

U.S. stock futures meandered with mildly fluctuating Treasury yields early Thursday, amid signs the bond market sell-off was abating.

Ten-year Treasuries were little changed on Thursday, but consider the previous two sessions. The S&P 500 fell 1.4% on Tuesday as the 10-year Treasury yield hit a fresh 16-year high around 4.8% when the JOLTS survey showed a robust labor market. “Sweet would be loosening jobs data, sour would be a still-strong jobs data which would fuel the hawkish Fed expectations and further boost U.S. yields…[which] are at a critical moment,” she added.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 Dips Out of Bull Market as 30-Year Rate Nears 5%: What's Next?Market Overview Analysis by Michael Kramer covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Michael Kramer's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »