U.S. stock-market futures rose Sunday night as Treasury yields continued to pull back from highs last week.
Meanwhile, the 10-year Treasury note yield TMUBMUSD10Y, 1.449% dipped to 1.386% early in Sunday trading, then slowly regained ground, last at 1.412%. Bond prices move inversely to yields.
The 10-year note yield rattled stock-market investors Thursday when it shot above 1.50%, then slipped to 1.459% on Friday.
Investors were likely also heartened after the House approved a $1.9 trillion coronavirus relief package early Saturday and Johnson & Johnson JNJ, -2.64% won federal approval for its coronavirus vaccine -the third approved in the U.S.- and started shipping doses Sunday night.
That marked the Nasdaq’s biggest slide since the week ended October 30, 2020, according to FactSet data. February was still a winning month for equites though, with the Dow up 3.2%, the S&P 500 rising 2.6%, and the Nasdaq inching up 0.9%.
ORIGEN AUTORAL: Mike Murphy