Stock Futures Flat After Treasury Yields Surge and Fed Rate Hikes

Stock futures remained flat Wednesday night following a sell-off driven by rising Treasury yields. The 10-year Treasury note yield reached 5.135%, the highest since July 2007, while the 2-year note yield climbed to 4.947%, the highest since May 2024. Futures for the S&P 500 and Dow Jones increased slightly, while the Dow Industrials fell over 350 points, or 0.7%. Traders anticipate a 68% likelihood of the Federal Reserve raising rates in October, up from 49% a week prior, which may impact consumer borrowing costs significantly.

Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.