Investors Are Driving Government Bond Yields Higher
US stock futures wiped out early gains driven by the artificial-intelligence trade after a renewed rise in oil deepened a selloff in bonds. S&P 500 futures erased an advance of as much as 0.7% that was driven by an upbeat forecast from Micron Technology Inc. The gains evaporated as yields hit fresh multiyear highs, with the 10-year Treasury rate up five basis points to its highest since 2002. Thirty-year UK gilt yields reached 6% for the first time since 1998. Brent crude briefly hit $100 a barrel. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
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