US midday: equities steady, yields and dollar keep pressure on rate-sensitive trade
S&P futures and Nasdaq futures are still positive at midday, but the ten-year yield is 5.33 and the dollar index is 102.25. WTI crude and Brent are lower on the day, while silver, copper and natural gas are firmer. Gold is softer, and VIX is 15.5.
US 10-year yield +1.0802% dayYield stays elevated at 5.33, keeping rates pressure in focus
US Dollar Index +0.309% dayDollar firmer alongside higher yields
WTI crude -1.0976% dayOil lower on the day
Silver +1.4814% dayPrecious metals bid while gold is softer
Lead: US stocks are mixed but holding midday gains, with S&P futures and Nasdaq futures still positive. The ten-year yield is 5.33 and the dollar index is 102.25.
Session narrative: Equity futures remain firm, but rates are the main offset as TLT slips and the yield stays elevated. The dollar is firmer against euro-dollar and sterling-dollar.
Cross-asset check: WTI crude and Brent are lower, gold is softer, while silver, copper and natural gas are higher. VIX is 15.5.
Themes & continuing stories: Rates stay the key driver, with the dollar still bid and energy weaker. The ten-year yield, the dollar index and crude are the live markers.
What’s ahead: Watch whether stocks can keep gains into the afternoon while yields stay high and commodity direction stays split.