US pre-open: futures mixed as 10-year yield holds above 5.2 and oil stays hot
S&P futures are slightly lower, Nasdaq futures are slightly higher, the ten-year yield is 5.22, dollar-yen is 157.301, and WTI crude is 90.59 before the cash open.
S&P 500 futures +0.1194%Ten-year yield stays above 5.2 and oil remains elevated
Nasdaq futures +0.2454%Mixed pre-open tone despite firmer rates backdrop
US 10-year yield 5.22Yield pressure remains a key macro focus
WTI crude 90.59Energy prices still shaping the open
Lead: US pre-open is mixed, with S&P futures slightly lower and Nasdaq futures slightly higher while the ten-year yield holds at 5.22. Session narrative: Spain CPI at 4.9% y/y and core at 3.1% keeps inflation pressure in view, while France’s 10-year OAT yield eased but stayed near multi-year highs. Cross-asset check: dollar-yen is 157.301, the dollar index is 101.34, WTI crude is 90.59, and gold is 4184.9. Themes & continuing stories: Rates, energy, and inflation sensitivity remain the dominant drivers, with defense and AI-linked headlines also active. What’s ahead: The cash open will test whether the futures tone can hold against the yield and oil backdrop.