Wall Street: Bond Market - Rising Yields Weigh on US Stock Markets
The sell-off in US government bonds is weighing on the prices of government securities worldwide. And: Chinese President Xi Jinping is visiting the White House.
US stock futures are falling sharply on Thursday as bond yields continue to rise. The 10-year Treasury yield is around 5.15%, and the 30-year yield is about 5.44%, near multi-year highs. Oil prices are also adding to the nervousness, with Brent crude rising to around $106. Chinese President Xi Jinping is set to arrive at the White House at 16:00 MESZ, followed by a state banquet, but expectations for a breakthrough are low.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
