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Stock futures fall amid rising oil prices and surging Treasury yields

Schaeffer's Research +2 ·

WTI
WTI W & T Offshore Inc
$3.70 +3.64%
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  1. 1WTI crude oil prices rose above $90 per barrel again.
  2. 2The 10-year Treasury yield rose nearly 8bp to reach 5.35%.
  3. 3The market is watching the $39 billion 10-year Treasury auction scheduled for today.

So what's the key point?

Oil prices rose above $90 per barrel and Treasury yields also increased. The market is focusing on the amount of new Treasury bonds the Treasury will issue.

Source Schaeffer's Research +2 · View original ↗

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