S&P 500 Futures dribble near one-week low as yields fade post-Fed rally – by anilpanchal7 SP500 Futures RiskAppetite YieldCurve Fed
s could be the anxiety ahead of today’s key Bank of England monetary policy decision and Friday’s US Nonfarm Payrolls.
While portraying the mood, the S&P 500 Futures remain indecisive as it flirts with the one-week low, probing a three-day downtrend, whereas the US Treasury yields retreat from the post-Fed highs. It should be noted that the US 10-year bond coupons ease to 4.096% while its two-year counterpart snaps a four-day uptrend as it drops to 4.611% at the latest.
On Thursday, Fed’s 75 bps increase in the benchmark rate initially drowned the US Treasury yields as the rate statement highlighted the cumulative tightening of , the lags with which monetary policy affects economic activity and inflation, and economic and financial developments. However, Powell’s speech propelled the greenback as it cited the need to bring down inflation “decisively” while also suggesting a bit longer play for the restrictive policy.
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