S&P 500 Futures stay mildly bid around monthly high, US Treasury bond yields hold lower ground.
While portraying the mood, the S&P 500 Futures grind near 4,035, staying mildly bid near the monthly high marked on Monday. That said, the US 10-year Treasury bond yields remain pressured during the fourth weekly downtrend in a row, around 3.44% by the press time. It’s worth observing that the two-year US Treasury bond coupons also print a four-week south-run but are comparatively more sluggish near 4.13% at the latest.probed equity buyers on Wall Street.
That said, ECB Governing Council member Gabriel Makhlouf became the last policymaker from the bloc’s central bank to fire the hawkish shot, suggesting a 50 bps rate hike, ahead of the one-week blackout pre-ECB. "We need to continue to increase rates at our meeting next week – by taking a similar step to our December decisions," said ECB’s Makhlouf. Makhlouf further added that they need to increase rates again at the March meeting.
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