June S&P 500 E-Mini futures (ESM25) are down -0.70%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.67% this morning as Treasury yields continue to rise on worries about U.S. government debt while U.S. President Donald Trump pushes to advance his tax bill.
Treasury yields marched higher on Wednesday as investors closely watched negotiations over the budget bill and federal deficit, a particularly contentious topic following Moody’s downgrade of the U.S. credit rating. Danske Bank analysts stated that long-end yields may rise further due to the fiscal challenges facing the U.S.
