Wednesday, February 28, 2024
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Treasury yield high weighs on futures

  • All eyes are on U.S. Treasuries again as trading reopened in the wake of last week’s selloff and a bond market holiday on Monday.
  • The benchmark 10-year yield crept up to a fresh seven-year high, advancing past 3.26%, marking an increase of about 80 basis points from the start of 2018.
  • U.S. stock index futures look poised for a fourth day of declines in response, down 0.3%, as traders gear up for $230B of Treasury auctions this week.

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