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Stock futures lower after selloff in US Treasury bonds eased
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U.S. equity futures are trading lower heading into the Tuesday Wall Street session after a selloff in U.S. Treasury bonds eased.
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Overnight, Wall Street's benchmark S&P 500 index climbed 2.4%, recovering most of its losses from the past week.
That came after a selloff in U.S. Treasury bonds eased. That helped to assuage investor concerns that the cost of borrowing might rise, putting downward pressure on the U.S. economic recovery.
BITCOIN BUYERS PUNISHED BY SURGING BOND YIELDS On Wall Street, the S&P 500 rose to 3,901.82 in its biggest single-day gain since June 5. The Dow Jones Industrial Average gained 2% to 31,535.51. The Nasdaq composite climbed 3% to 13,588.83. The yield on the 10-year Treasury, or the difference between its market price and the payout if an investor holds it to maturity, fell to 1.43% after reaching its highest level in more than a year last week.