Stock futures fall as Treasury yields continue to push to multiyear highs: Live updates
US stock futures are falling after a surge in Treasury yields triggered a market sell-off. The 10-year Treasury yield has reached its highest point since 2007 as investors price in an additional Federal Reserve rate hike. This trend is part of a deepening global bond sell-off that is increasing borrowing costs worldwide. While the Nasdaq recently closed at a fresh record, current futures indicate a downward shift in sentiment. Oil prices are also edging higher amid this volatility in the government bond markets.
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- ✓ The 10-year Treasury yield has reached its highest level since 2007.
- ✓ US stock futures have dropped as Treasury yields climbed.
- ✓ A global bond sell-off is increasing borrowing costs worldwide.
What changed
The 10-year Treasury yield has climbed to its highest level since 2007.
Live updates
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Stock Futures Slip as 10-Year Treasury Yield Hits Highest Level Since 2007
US stock futures are falling after a surge in Treasury yields triggered a market sell-off. The 10-year Treasury yield has reached its highest point since 2007 as investors price in an additional Federal Reserve rate hike. This trend is part of a deepening global bond sell-off that is increasing borrowing costs worldwide. While the Nasdaq recently closed at a fresh record, current futures indicate a downward shift in sentiment. Oil prices are also edging higher amid this volatility in the government bond markets.
Why it matters
Rising Treasury yields typically increase borrowing costs for businesses and consumers, which can slow economic growth. The current spike is driven by expectations of tighter monetary policy from the Federal Reserve. This creates a volatile environment for equities, particularly high-growth stocks.
What is confirmed
- The 10-year Treasury yield has reached its highest level since 2007.
- US stock futures have dropped as Treasury yields climbed.
- Oil prices are rising.
- A global bond sell-off is increasing borrowing costs worldwide.
Still unconfirmed
- Global government bond yields are on the brink of 4%.
- Forced selling is fueling bond market chaos.
What to watch next
- Federal Reserve announcements regarding future rate hikes
- Data on global borrowing cost increases
- Nasdaq performance following its recent record close
confidence 90%Sources used for this update (11)
- Investopedia — Stock Market Today: Futures Slip After Nasdaq Closes at Fresh Record; Oil Prices, Treasury Yields Edge Higher
- Yahoo Finance — 10-year Treasury yield hits highest level since 2007 as market prices in another Fed rate hike
- CNBC — Here's what happens to the economy when Treasury yields soar like they are now
- CNBC — Stock futures flat after soaring Treasury yields trigger market sell-off: Live updates
- Bloomberg.com — Tumbling Global Government Bonds Put Yields on Brink of 4%
- axios.com — Why Treasury yields are ripping higher
- WSJ — A Vicious Cycle of Forced Selling Is Fueling the Bond-Market Chaos
- Reuters — COMMENTARY: Morning Bid: Bonds bomb
- Yahoo Finance — Why the runaway 10-year yield is triggering this bad memory for investors
- CNN — Global bond sell-off deepens, sending borrowing costs higher around the world
- Bloomberg.com — US Stock Futures Drop as Yields Climb Further, Oil Rises
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