Futures Slide As 30Y Yield Rises Above 5%, Oil Jumps On Iran War Fears

Futures Slide As 30Y Yield Rises Above 5%, Oil Jumps On Iran War Fears US equity futures and global markets are weaker with both tech and small caps underperforming as yields rise (10Y TSY at 4.53% last) and the curve bear steepens. As of 8:00am ET, S&P futures are down 0.5% with sentiment hit by a CNN report that Israel may be preparing to strike Iranian nuclear facilities. That sent oil higher, while haven assets outperformed; Nasdaq futures also drop 0.6%, with Mag7 names mostly lower and Semis/Cyclicals underperforming. In...