U.S. Stock Futures Are Higher With Earnings Season Starting Next Week
U.S. stock futures are higher: Equity futures are pointing to a positive opening for the markets. 10y treasury yield hit a three year high as the investors continue to digest that the Fed will aggressively hike interest rates. The 10y yield is at 2.69% and the 2y is at 2.52%, reflecting a steeper curve relative to last week. The intermediate portion, however, is inverted versus the longer maturities. Earnings season starts next week and may provide tailwinds for the markets. West Texas Intermediate crude declined roughly 3% for the week, as the U.S announced its largest ever release of strategic reserves. U.S International markets are mainly trading higher.