US stock market futures soared on Sunday night, with Treasury yields continuing to decline from last week’s highs.
Dow Jones Industrial Average YM00 Futures,
rose more than 200 points, or 0.7%, while S&P 500 future ES00,
and future Nasdaq-100 NQ00,
gained almost 1%. Meanwhile, the 10-year Treasury bill yielded TMUBMUSD10Y,
dropped to 1.386%. Bond prices change inversely to yields.
The yield on the 10-year note shook stock market investors on Thursday, when it soared above 1.50%, and fell to 1.459% on Friday.
Reading: As Treasury’s rising yields scare stock investors, March moves forward like a lion
Furthermore: The current liquidation of the bond market is worse than ‘taper tantrum’ in an important way, argues analyst
During the week, Dow DJIA,
lost 1.8%, the S&P 500 SPX,
fell 2.5%, and the Nasdaq Composite COMP,
fell 4.9%. This marked Nasdaq’s biggest drop since the week ended October 30, according to data from FactSet. February was still a winning month for equites, however, with the Dow up 3.2%, the S&P 500 up 2.6% and the Nasdaq up 0.9%.