U.S. Stock Market Developments

[Aron]

I=7
S&P 500 futures sheds 0.56% while Nasdaq-100 is down 1.13% as rising Treasury yields trigger sell-off

US Treasuries

I=6 10-year Treasury yield rises one basis point to 5.124%, after reaching a 19-year high on Wednesday Several factors boosted Treasury yields, including stronger-than-expected U.S. economic activity, hawkish comments from a Federal Reserve official and elevated oil prices. Fed Governor Michael Barr said Wednesday that further policy changes will likely be needed to bring inflation back to the Fed’s target. S&P Global data showed U.S. services PMI rose to 58.7 in September, its highest in nea…