Treasuries Little Changed After Recent Surge
Treasury prices fluctuated around unchanged Friday after moving sharply higher over the past few sessions.
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Treasury prices fluctuated around unchanged Friday after moving sharply higher over the past few sessions.
US stock futures were little moved in early European trade, with Nasdaq and S&P 500 futures showing minimal change after recent record highs. The slight stability comes despite a continued selloff in Treasuries and a fresh jump in oil prices, which have yet to dampen U.S. stock market exuberance.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Global stocks were little changed, while Japanese government bond yields climbed to historic levels and US Treasury yields edged lower. Gold rose and Brent crude eased, with traders still pricing in further Federal Reserve rate hikes.
Highlights: * Xi Jinping heads to Washington, meetings with Trump in focus * Flash PMI data in focus, as well as more Fedspeak * USD strength pervades, putting key levels in both GBPUSD and USDMXN into view US TSYS: Paring Gains, Flash PMIs Ahead, Trump Welcomes Xi Tonight: s-xi-tonight-1790161492747 Treasuries are mil
The Nasdaq hit a record closing high, boosted by AI stocks, while falling oil prices and retreating Treasury yields improved risk sentiment. European shares rallied, led by banks and tech, and Asian markets were mixed, with Japan higher and China/Hong Kong up on hopes of a trade truce.