U.S. equity futures were little changed Thursday evening, with the Dow Jones having lost 162 points (0.3%) during the previous session. The 10-year Treasury yield climbed to 5.225%, its highest level since 2007, while the 30-year yield reached 5.502%. The 30-year fixed rate mortgage also hit a peak at 7.45%. The Dow is heading for a fourth consecutive losing week, down 0.6% since Monday. Traders are pricing in roughly a 68% likelihood of another Fed rate hike in October, according to the CME FedWatch tool.
Source: Read the original article
