S&P500 Futures recover, yields soften as US default fears diminish – by anilpanchal7 SP500 Futures YieldCurve Recession RiskAversion
While portraying the mood, S&P500 Futures print mild gains around 4,135 and defy Wall Street’s downbeat performance whereas the US 10-year and two-year Treasury bond yields print the first daily losses in four by the press time. That said, the US Dollar Index retreats to 102.57 following Tuesday’s 0.18% intraday gain to reverse the week-start losses.
In addition to the US debt-ceiling concerns, Japan’s upbeat preliminary reading of the first quarter 2023 figures, to 0.4% QoQ versus 0.1% expected and 0.0% prior, also favor the market sentiment as the Asian major reported notable growth after three quarters of sluggish economic performance.
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