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Futures Slide As Treasury Yields Surge, Erasing Bessent Intervention, Driven By Oil Spike

Futures Slide As Treasury Yields Surge, Erasing Bessent Intervention, Driven By Oil Spike US futures slide and are trading at session lows, as bond yields surge after yesterday’s Treasury announcement, having now erased the entire post buyback-boost move; yields are 4-5bps higher as the curve bear steepens sharply with the 10Y yield now at 4.69%, above where it was before the Treasury's press release yesterday, driven by a surge in Brent above $94 after Trump vowed to unleash an "Economic D-Day" on Iran's economy.  As of 8:00am ET, S&P futures are...
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