The rebound in US Treasury yields suppresses US stock futures as the market awaits the Federal Reserve meeting minutes.

智通财经2026/10/07 09:16

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During Wednesday's European trading session, US stock index futures were subdued as a rebound in US Treasury yields weighed on investor sentiment, with markets awaiting the release of the latest Federal Open Market Committee meeting minutes by the Federal Reserve. The US bond market continued to face pressure, with the 10-year Treasury yield rising above 5.30%, and the 30-year yield hovering around 5.69%. Persistent inflation concerns, a widening fiscal deficit, and a significant increase in artificial intelligence-related bond issuance are key factors keeping yields elevated. Escalating geopolitical tensions in the Middle East are driving up crude oil prices, further intensifying inflationary pressures and sustaining expectations of interest rate hikes. However, recent weakness in US labor market data has lowered expectations for an aggressive tightening policy by the Federal Reserve. According to the CME FedWatch tool, traders currently estimate only about a 22% probability of a rate hike at the Fed's October meeting.

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