Futures Slide As Global Yields Surge US futures are lower, extending yesterday’s losses, as treasuries extended their recent rout sending 10Y yields surging briefly above 4.22% before retracing some of the move as traders priced in the growing probability of a red sweep. The Treasury rout has gone global, pushing interest rates across the world higher. As of 8am ET, S&P 500 futures dropped 0.3%, pointing to the first back-to-back decline in about 30 sessions for the gauge. Nasdaq 100 futures underperformed, dropping 0.4%, as tech stocks start to groan against the weight of surging rates; megacap tech all showed… — Continue at ZeroHedge News : Read More
