Outlook 10/23: Stock futures slide as Treasury yields tick higher once again. The benchmark 10-year Treasury note yield rose 3 basis points to 4.23%, reaching levels not seen since July. Robust economic data and deficit worries are among the factors behind the rise in the 10-year Treasury yield, despite a half-point rate cut from the Federal Reserve in September. Traders are also growing concerned that central bank policymakers may be less inclined to reduce rates, even as the Fed had forecasted another half-point worth of trimming before the year ends.
ESZ24 (DEC2024): YVAH 5891 YPOC 5880 YVAL 5866 GAP 5890
/ES Plan: Yesterday market closed bimodal (LIS 5883), but overnight looks slight bearish (PBT 5864), moving within previous value, so these're the opening and initial balance options for today:
