Futures Flat As 10Y Yield Jumps To 2024 High

US equity futures remain stable, hovering around 5,252 after bouncing back from earlier lows.

This comes despite increasing 10-year yields and a strengthening USD, as traders adjust their expectations for interest-rate cuts due to resilient US economic data.

S&P and Nasdaq futures show no significant change, while major European markets mostly rise, except for Spain and the UK.

Treasury yields hit year-highs, with the 10-year surpassing 4.45%. Interest-rate swaps suggest a likelihood of two rate cuts this year, down from the previous expectation of three.

European bond yields rise, though not uniformly. Commodities show mixed performance, with Energy down, Metals up, and Agriculture mixed.

Crude oil declines after Israel announces troop withdrawals from Gaza. Gold hits a new record above $2,350 before pulling back, Zerohedge has reported.

READ MORE: https://www.zerohedge.com/markets/futures-flat-10y-yield-jumps-2024-high-bitcoin-back-record

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