27 Apr '23 at 8:08 am #57460
Treasury yields took a sharp turn higher after the data release. The 2-yr note yield, at 3.92% just before 8:30 a.m. ET, is up 14 basis points to 4.05%. The 10-yr note yield, at 3.45% just before the release, is up six basis points to 3.49%.
S&P futures vs fair value: +23.00. Nasdaq futures vs fair value: +140.00.
The S&P 500 futures are up 23 points and are trading 0.7% above fair value.
The Nasdaq 100 futures are up 140 points and are trading 1.1% above fair value.
The Dow Jones Industrial Average futures are up 128 points and are trading 0.3% above fair value.