S&P500 Futures grind higher, yields stabilize as US House of Representatives pass debt ceiling deal – by anilpanchal7 SP500 RiskAversion YieldCurve Fed Politics
Market sentiment improves as US Republican-controlled House of Representatives support the measures to avoid government default.S&P500 Futures snap three-day downtrend, yields seesaw at weekly low.
While portraying the mood, S&P500 Futures print the first daily gains in four while approaching the 4,200 round figure, up 0.05% intraday near 4,194 at the latest. On the same line, the US 10-year and two-year Treasury bond yields also stabilize around 3.65% and 4.42% after refreshing the weekly low during the previous fall.
On the other hand, Wall Street Journal’s Nick Timiraos cites multiple Fed speakers and recently mixed US data to suggest that the Federal Open Market Committee is likely to hold interest rates steady in June.
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