Original title: us stocks and bonds "double kill": Nasdaq futures once fell nearly 2%, the yield on 10-year US bonds reached the highest level since June.
Source: Wall Street
The US market staged a double kill between stocks and bonds before trading on Tuesday.
Treasury yields continued to rise before Tuesday, with the 10-year yield rising to 1.54%, the highest since June.
As a result, US stock futures fell further, with the S & P 500 index futures down 1%, Nasdaq futures down 1.73%, and Dow futures down 0.59%. Large-scale technology stocks fell before the market, Tesla, Inc.、 Apple Inc、 Amazon.Com Inc、 Facebook IncIt was down nearly 2% before trading, Invida was down more than 3% before trading, and Asmai was down more than 5%.
Federal Reserve Chairman Colin Powell will address the Senate Banking Committee on Tuesday. In his released speech, Powell mentioned the issue of supply more than once, saying bluntly that the supply bottleneck lasted longer than the Fed expected, and that high inflation was expected to be maintained in the coming months before inflationary pressures would ease:
Inflation is high and is likely to remain so in the coming months until it moderates. As the economy continues to resume work and spending rebounds, we expect prices to face upward pressure, especially due to supply bottlenecks in some industries. These effects are larger and longer-lasting than previously expected, but they will abate, and inflation is expected to fall towards our (Fed) long-term target of 2%. "
Treasury yields in Europe and the United States rose on Monday as the Federal Reserve hinted that Taper could begin in November and the Bank of England made it clear that the possibility of raising interest rates would increase.
The yield on 10-year US bonds exceeded 1.50 per cent for the first time in three months, the yield on German bonds rose above-0.20 per cent for the first time in three months, and the yield on British bonds was once close to 0.98 per cent, an one-and-a-half-year high.
