S&P 500 Futures struggle cheer China inspired optimism as yields portray rate hike fears – by anilpanchal7 SP500 Futures YieldCurve Fed China
While portraying the mood, the S&P 500 Futures track Wall Street’s mild losses around 3,960. Further, the US 10-year Treasury bond yields rose two basis points to 3.93% while the two-year counterpart rises four bps to 4.84% by the press time. With this, both the key bond coupons march towards the three-month high marked in February after printing the biggest monthly gain since September 2022.
Even so, China Finance Minister Liu He said after the data release that the foundation of China's economic recovery is still not stable. Elsewhere, the sustained geopolitical tension between Ukraine and Russia, as well as fears of more supply-chain issues emanating from the UK and China, seems to propel the fears of higher inflation and more rate hikes. As a result, Reuters mentioned that the US central bank is expected to deliver two additional 25-basis-point rate hikes in March and May while adding, “Financial markets are betting on another increase in June.
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