Reply To: Traders Market Weekly: Bonds, Bank Earnings and CPI Ahead

#66176
Truman
Participant

S&P 500 futures are down 4 points and are trading 0.1% below fair value.
Nasdaq 100 futures are up 6 points and are trading 0.1% above fair value.
Dow Jones Industrial Average futures are down 50 points and are trading 0.1% below fair value.

Rising Treasury yields are still hanging over the market.

The 2-yr note yield is up six basis points to 5.06% and the 10-yr note yield is up six basis points to 4.63%.

Congress passed a bill to extend government funding through November 17, avoiding a government shutdown
Federal student loan payments resumed on October 1.

In related federal news, Rep. Matt Gaetz (R-FL) says he will bring a motion to remove House Speaker Kevin McCarthy from speakership this week as punishment for working with Democrats on government funding, according to CNN.