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Wall Street heads for more gains as bond selloff takes a breather, with more earnings on the way

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Treasury yields are easing up and that's paving the way for stock index futures gains early Wednesday, as investors look ahead to Thursday's inflation data.

U.S. stock index futures climbed on Wednesday as a bond selloff eased up ahead of the latest inflation report due Thursday, and investors waited for another big batch of earnings reports.

What’s driving the markets? Investors on Wednesday were getting a breather from a recent bond selloff. The yield on the Treasury note TMUBMUSD10Y, 1.927% was last down 4 basis points to 1.919% after reaching 1.954% on Tuesday, its highest since 2019.

 

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So money from Treasury bond selloff used to buy more stocks?

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