ME News reports that, on Wednesday during European trading hours (UTC+8), U.S. stock index futures underperformed as U.S. Treasury yields rose, with the 10-year yield climbing above 5.3% and the 30-year yield hovering around 5.69%. Elevated yields were driven by inflation concerns, widening fiscal deficits, and increased issuance of AI-related bonds. Escalating geopolitical tensions in the Middle East pushed oil prices higher, intensifying inflationary pressures. CME FedWatch data shows traders assign only about a 22% probability to an interest rate hike in October. (Source: ChainCatcher)
U.S. Treasury yields rise, weighing on equity futures as market awaits Fed minutes
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Summary
Futures market activity declined on October 7 (UTC+8) as U.S. Treasury yields rose, pressuring equity futures. The 10-year yield exceeded 5.3%, with the 30-year near 5.69%. Rising inflation, widening deficits, and AI-driven bond sales drove the move. Escalating tensions in the Middle East pushed oil prices higher, intensifying inflation concerns. CME FedWatch data indicates traders see only a 22% chance of a rate hike in October. Perpetual futures experienced mixed flows amid the uncertainty.
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