U.S. Stock Futures Slip 0.2% as 30-Year Treasury Yield Tops 5.3%
Updated
Updated · CNBC · Aug 23
U.S. Stock Futures Slip 0.2% as 30-Year Treasury Yield Tops 5.3%
3 articles · Updated · CNBC · Aug 23
Summary
Dow futures fell 44 points late Sunday, while S&P 500 and Nasdaq-100 futures lost 0.1% and 0.2% after last week’s broad selloff.
A 30-year Treasury yield above 5.3% — near a 20-year high — kept pressure on equities as investors also priced in a longer U.S.-Iran war, higher oil and stickier inflation.
Treasury Secretary Scott Bessent’s move to expand long-end buybacks briefly steadied the curve, but the relief faded quickly, with Jefferies calling it a Treasury-led “Operation Twist.”
This week’s focus now shifts to July PCE inflation on Wednesday, the Fed’s Jackson Hole symposium, and Nvidia and Marvell earnings after Nvidia told clients some AI server prices will rise more than 15%.