September S&P 500 E-Mini futures (ESU26) are down -0.37%, and September Nasdaq 100 E-Mini futures (NQU26) are down -0.48% this morning, pointing to a lower open on Wall Street as Treasury yields resumed their climb.
Treasuries resumed their decline on Thursday as the boost from the U.S. Treasury’s decision to increase buyback volumes for long-end securities faded. Long-end Treasury yields initially fell in Asian and early European trading before reversing course. The 10-year T-note yield rose five basis points to 4.70%, and the 30-year T-note yield advanced five basis points to 5.24%. The rebound in yields came amid lingering concerns about inflation and swelling government debt.
