S&P 500 Futures snap three-day downtrend, US Treasury yields retreat amid mixed clues – by anilpanchal7 SP500 Futures YieldCurve Markets RiskAppetite
While portraying the mood, S&P 500 Futures print 0.20% intraday gains around 4,011 while snapping a three-day downtrend. That said, the US 10-year Treasury bond yields fade the bounce off an 11-week low marked the last Friday, up three basis points to 3.56% by the press time.
On the other hand, New York Times released a piece of news suggesting Ukrainian drones attacked military bases hundreds of miles inside Russia and escalated war fears. Looking forward, an absence of major data/events challenges the momentum traders and may allow them to consolidate the previous moves.
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