Outlook 05/22: Stock futures set to add to their losses for the week on Thursday after U.S. lawmakers passed a bill that investors fear could worsen the U.S. deficit. The 30-year Treasury yield hit its highest since October 2023 as the bill advanced to the Senate. Early Thursday, House members approved the bill that includes lower taxes and additional military spending. The bill could increase the U.S. government’s debt by trillions and raise the deficit at a time when fears of a flare-up in inflation due to Trump tariffs are already weighing on bond prices and boosting yields. The Congressional Budget Office puts the price tag for bill at nearly $4 trillion. The 30-year Treasury bond yield traded at levels not seen since 2023, around 5.1%, after spiking higher in the previous session. The benchmark 10-year Treasury note yield traded just below 4.6%. The increase in long-term rates, which are benchmarks for consumer loans, could pressure an economy already feeling the weight of Trump’s recently implemented universal tariffs.
ESM25 (JUN2025): YVAH 5956 YPOC 5930 YVAL 5882 GAP 5853
/ES Plan: Yesterday market closed bearish, and overnight continues on that way, moving below previous value, so these're the opening and initial balance options for current session:
