Stock futures flat after soaring Treasury yields trigger market sell-off: Live updates
Stock futures are flat following a market sell-off triggered by soaring Treasury yields. US five-year and 10-year Treasury yields have reached their highest levels since 2007, while 30-year yields hit a peak not seen since 2004. This bond sell-off comes as investors increase bets on further Federal Reserve rate hikes. Despite the volatility, the Nasdaq recently closed at a new record high, though futures have since slipped as oil prices and yields edge higher.
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- ✓ US Treasury five-year yields have breached 5% for the first time since 2007.
- ✓ The 10-year Treasury yield has reached its highest level since 2007.
- ✓ US 30-year bond yields have risen to the highest level since 2004.
- ✓ The Nasdaq closed at a fresh record before futures slipped.
What changed
US 30-year Treasury yields reached their highest level since 2004.
Live updates
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Stock Futures Flat as Treasury Yields Hit Multi-Year Highs
Stock futures are flat following a market sell-off triggered by soaring Treasury yields. US five-year and 10-year Treasury yields have reached their highest levels since 2007, while 30-year yields hit a peak not seen since 2004. This bond sell-off comes as investors increase bets on further Federal Reserve rate hikes. Despite the volatility, the Nasdaq recently closed at a new record high, though futures have since slipped as oil prices and yields edge higher.
Why it matters
Rising Treasury yields typically increase borrowing costs and can pressure equity valuations. The current sell-off reflects market concerns that the US economy may be running too hot. This environment forces investors to price in more aggressive monetary tightening from the Federal Reserve.
What is confirmed
- US Treasury five-year yields have breached 5% for the first time since 2007.
- The 10-year Treasury yield has reached its highest level since 2007.
- US 30-year bond yields have risen to the highest level since 2004.
- The Nasdaq closed at a fresh record before futures slipped.
Still unconfirmed
- A global bond sell-off is deepening due to fears the US economy is running too hot.
- The 10-year Treasury yield hit a 19-year high.
What to watch next
- Federal Reserve announcements regarding future rate hikes
- Further movement in the 30-year Treasury yield
- Upcoming economic data indicating if the US economy is overheating
confidence 95%Sources used for this update (12)
- www.investors.com — Stock Market Today | Investor's Business Daily
- Investopedia — Stock Market Today: Futures Slip After Nasdaq Closes at Fresh Record; Oil Prices, Treasury Yields Edge Higher
- Bloomberg.com — US Treasury Five-Year Yields Breach 5% for First Time Since 2007
- 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 — Bond Yields Return to 2007, But It Could Be Worse
- The Guardian — Global bond sell-off deepens amid fears US economy may be running too hot – business live
- cnbc.com — Treasury yields continue to rise after 10-year hit 19-year high as investors ramp-up rate hike bets
- Bloomberg.com — Tumbling Global Government Bonds Put Yields on Brink of 4%
- Bloomberg.com — US 30-Year Yield Hits Highest Since 2004 as Bond Selloff Deepens
- Reuters — US 30-year bond yield rises to highest since 2004 as selloff deepens
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