Prime News: U.S. Stock Futures Open Lower, Treasury Futures Rally

On Sunday, U.S. stock futures opened weaker, continuing the rout equities markets saw on Friday, when the benchmark S&P 500 and Dow Jones Industrial average recorded their worst week in two years.

Increasing bond yields and prospects for increasing inflation weighed down equities and drove benchmark 10-year U.S. Treasury yields to a four-year peak on Friday.

S&P 500 e-minis traded down almost 24 points before retreating some points to trade down 16 points after the first hour of trademarking a loss of 0.60 percent. Dow e-minis traded down 190 points or 0.75 percent.

U.S. Treasury futures prices increased at the open but have since retraced its gains and traded flat.

The material has been provided by InstaForex Company – www.instaforex.com

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