Treasury Yields Hit Multi-Year Highs as U.S. Futures Slide Before Open
The 30-year Treasury yield reached 5.435%, while oil prices rose and the ITC opened a DRAM investigation naming Micron.
U.S. equity futures fell before Thursday’s open as Treasury yields reached multi-year highs and oil prices rose, while investors assessed a possible rate increase and regulatory developments.
The 30-year Treasury yield rose to 5.435%, its highest level since 2004, while the 10-year yield climbed to 5.14%, a high last reached in 2007. The New York Fed president said another interest-rate increase before year-end would be reasonable if needed to return inflation to its target.
Dow futures dropped 0.32%, S&P 500 futures declined 0.59% and Nasdaq 100 futures fell 1.07%. West Texas Intermediate crude rose 1.95% to $93.961 per barrel, while Brent crude gained 1.91% to $99.994.
The U.S. International Trade Commission opened a Section 337 investigation into dynamic random-access memory devices, related products and components. Micron Technology was among the named respondents.
A Google DeepMind department head said the company’s next flagship artificial intelligence model, Gemini 4, is in the early post-training stage and could arrive well before year-end. Qualcomm also announced that its global patent license agreement with Apple will renew effective April 1, 2027.
