5-Year T-Note Jun '26 (ZFM26)
5-Year T-Note Futures Market News and Commentary
The S&P 500 Index ($SPX) (SPY) today is up +0.78%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.75%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.24%. June E-mini S&P futures (ESM26) are up +0.70%, and June E-mini Nasdaq futures (NQM26) are up +1.15%.
Stock indexes are moving higher today, recovering some of this week’s losses, amid lower bond yields and strength in semiconductor stocks. The 10-year T-note yield is down -5 bp to 4.62%, falling back from Tuesday’s 16-month high as inflation expectations retreat amid a decline in WTI crude oil prices of more than -3%. The weakness in crude oil today is also lifting airline stocks and cruise line operators. However, the weakness in software stocks is limiting gains in the broader market.
Semiconductor stocks are climbing today, providing support to the broader market. Nvidia is up more than +1% ahead of its earnings results after today’s close. Nvidia’s earnings will provide an update on the state of the A... Read more
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