U.S. stock futures were flat Thursday after Treasury yields surged to their highest levels in nearly two decades, prompting a broader market sell‑off and heightened expectations of another Fed rate hike.
Posts tagged as “Treasury yields”
The 10‑year Treasury yield rose above 5%, the highest level since 2007, far outpacing the Congressional Budget Office’s long‑term forecasts and sparking fresh concerns over U.S. debt costs.
The 10-year Treasury yield rose to 5.025%, its highest level since 2007, as markets price a more than 92% chance of a Fed rate hike amid stubborn inflation and firm oil prices.
U.S. equities slipped after the Labor Department reported 162,000 new jobs in August, pushing expectations for a Federal Reserve rate increase higher.