Dow futures fall 100 points amid fears of rising rates

08.10.2018 / 16:11

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U.S. stock index futures fell ahead of Monday's open as investors fretted over a sharp rise in interest rates. Interest rates were on a tear last week after the release of several pieces of strong economic data. The benchmark 10-year Treasury note yield rose to above 3.2 percent from around 3.06 percent.

On Friday, the U.S. government said the unemployment rate in the U.S. fell last month to a level not seen in close to 50 years. Overall jobs creation disappointed for last month, but that was offset by sharp upward revisions for the number of jobs created in August and July.

U.S. Treasurys did not trade on Monday, however, as the bond market remained closed for Columbus day.

Picture: https://pixabay.com/en/new-york-stock-exchange-money-631577/

Trader Velizar Mitov

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Dow futures fall 100 points amid fears of rising rates

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