Dow futures up 200 points as Treasury returns decline

Dow futures up 200 points as Treasury returns decline

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The futures market in the US market rose on Sunday night as Treasury yields continued to fall from the highest last week.

Dow Jones Industrial Average futures contract YM00,
+ 0.77%
increased by more than 200 points, or 0.7%, while S&P 500 futures ES00,
+ 0.87%
and Nasdaq-100 futures NQ00,
+ 1.14%
achieved almost 1%. Meanwhile, the ten-year treasury yield TMUBMUSD10Y,
1.406%
decreased to 1.386%. Bond prices move inversely to yields.

The 10-year return dropped stock market investors on Thursday when it shot above 1.50%, then dropped to 1.459% on Friday.

Read: As rising treasury yields haunt stock investors, March is a lion

Also: The current analysis of the bond market is in one important way worse than ‘taper tantrum’, the analyst argues

For the week, the Dow DJIA,
-1.50%
lost 1.8%, the S&P 500 SPX,
-0.48%
decreased by 2.5%, and the Nasdaq Composite COMP,
+ 0.56%
slipped 4.9%. According to FactSet data, this is Nasdaq’s biggest slide since the week ended October 30. However, February was still a winning month for equities, with the Dow up 3.2%, the S&P 500 up 2.6% and the Nasdaq up 0.9%.

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