Nasdaq futures fall nearly 2% as bond yields spike

Nasdaq futures fall nearly 2% as bond yields spike

Today·2021-03-12 20:02

Nasdaq futures fell nearly 2% on Friday after rebounding more than 6% in the past three sessions, as a spike in U.S. bond yields reignited inflation worries and sent investors scurrying to the perceived safety of the dollar.

Wall Street's main indexes have come under pressure in the past few weeks as a consistent rise in borrowing costs has raised fears of a sudden tapering of monetary stimulus. The yield on the benchmark 10-year notes rose back above 1.60% on Friday to approach the one-year highs touched last week.

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