Nasdaq-100 Futures Rise 0.2% as Treasury Intervention Cuts 10-Year Yield to 4.65%
Updated
Updated · Yahoo Finance · Aug 20
Nasdaq-100 Futures Rise 0.2% as Treasury Intervention Cuts 10-Year Yield to 4.65%
3 articles · Updated · Yahoo Finance · Aug 20
Summary
Nasdaq-100 futures led US stock futures higher early Thursday, up 0.2%, after all three major indexes closed Wednesday with gains.
Treasury Secretary Scott Bessent's surprise bond-market intervention pulled yields lower, with the 10-year down 5 basis points to 4.65% and the 30-year off 9 basis points to 5.19%.
Bitcoin jumped more than 9% to top $70,000 for the first time since early June as the drop in yields boosted risk appetite across markets.
Trump also escalated pressure on Iran, vowing an "ECONOMIC D-DAY" after frustration over reopening the Strait of Hormuz, while attention on US finances sharpened as national debt passed $40 trillion.