U.S. stock index futures were weak during Wednesday’s European trading hours as Treasury yields moved higher, according to ChainCatcher. The 10-year Treasury yield rose above 5.3%, while the 30-year yield hovered around 5.69%.
ChainCatcher said the move was driven by persistent inflation concerns, a widening fiscal deficit, and increased AI bond issuance, all of which kept yields elevated. At the same time, escalating geopolitical conflict in the Middle East pushed oil prices higher, adding to inflation pressure.
CME FedWatch data showed traders were assigning only about a 22% probability to a rate hike in October. The combination of softer equity futures, higher long-dated yields, and rising energy prices pointed to continued caution across macro markets during the session.
U.S. stock index futures traded weakly during Wednesday’s European session, while Treasury yields moved higher, according to ChainCatcher. The 10-year Treasury yield rose above 5.3%, and the 30-year yield hovered around 5.69%.
ChainCatcher said inflation concerns, an expanding fiscal deficit, and increased AI bond issuance were keeping yields elevated. Escalating geopolitical conflict in the Middle East also lifted oil prices, adding to inflation pressure. CME FedWatch showed traders were pricing in only about a 22% chance of a rate hike in October.
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