US stock market futures rose Sunday evening as government bond yields continued to retreat from highs last week.
Dow Jones Industrial Average Futures YM00,
more than 200 points or 0.7%, while S&P 500 futures ES00,
and Nasdaq-100 futures NQ00,
almost 1% gained. Meanwhile, the 10-year treasury yields TMUBMUSD10Y,
decreased to 1,386%. Bond prices move inversely with returns.
The yield on 10-year bonds upset stock market investors on Thursday as it shot above 1.50%, and dropped to 1.459% on Friday.
Read: While rising government bond yields frightened equity investors, March is looming like a lion
Also: The current bond market selloff is worse than a ‘taper tantrum’ in one major way, says analyst
For the week, the Dow DJIA,
1.8% lost, the S&P 500 SPX,
down 2.5% and the Nasdaq Composite COMP,
slipped 4.9%. That was the Nasdaq’s largest slide since the week ended Oct. 30, according to FactSet data. However, February was still a winning month for equites, with the Dow at 3.2%, the S&P 500 at 2.6% and the Nasdaq at 0.9%.