Futures of U.S. stocks rose Sunday night as Treasury yields continued to fall from highs last week.
Dow Jones Industrial Average futures YM00,
rose more than 200 points, or 0.7%, while S&P 500 futures ES00,
and futures NQ00 of Nasdaq-100,
gained about 1%. Meanwhile, the 10-year Treasury note generates TMUBMUSD10Y,
fell to 1.386%. Bond prices move inversely toward yields.
The ten-year bond yield swept stock market investors on Thursday, when it soared above 1.50%, and then fell to 1.459% on Friday.
Read: As Treasury yields grew, stock market investors shuddered, March approaches like a lion
Too: The current bond market sale is worse than the “taper rage” in a key way, the analyst argues
For the week, the Dow DJIA,
lost 1.8%, the S&P 500 SPX,
fell 2.5% and the Nasdaq Composite COMP,
slipped 4.9%. This was the biggest Nasdaq slide since the week ended Oct. 30, according to FactSet data. However, February was still a winning month for equities, with the Dow 3.2%, the S&P 500 2.6% and the Nasdaq 0.9%.