US Stocks Rebound as Bond Yields Steady, but Borrowing Costs Remain High
US stock futures rose on Friday as Treasury yields steadied after a sharp bond sell-off pushed borrowing costs to their highest levels in years. The S&P 500, Dow Jones Industrial Average, and Nasdaq futures all gained ground, with the S&P 500 up 0.3%, Dow Jones rising 0.2%, and Nasdaq climbing 0.5%.
The move came after a global bond market sell-off added fresh pressure on equities, while investors also tracked lower oil prices and the meeting between US President Donald Trump and Chinese President Xi Jinping. The two leaders discussed trade, artificial intelligence, and the Middle East, but analysts said the meeting delivered limited concrete progress.
The US 10-year Treasury yield, which had climbed above 5.20% on Thursday from about 5.11% on Wednesday, eased slightly to around 5.18% on Friday. Even so, the 10-year Treasury yield has risen 40 basis points since September, increasing pressure on borrowers.