Futures rise on dovish Fed tone, Middle East tensions weigh
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo - U.S. stock index futures ticked higher on Tuesday following the dovish comments from Federal Reserve policymakers, though caution prevailed amid escalating tensions in the Middle East.
Top ranking Fed officials indicated that rising yields on long-term U.S. Treasury bonds could steer the central bank from further increases in its short-term policy rate. Yield on the U.S. 10-year note came off its 16-year peak on Tuesday as trading resumed in the U.S. bond market after the Columbus Day, also known as Indigenous Peoples' Day holiday.
"The shift in gears from bear steepening to bull flattening translates only into a fractional easing in financial conditions after the abrupt tightening since mid-September," strategists at Societe Generale will also be removed; self-promotional material or business-related solicitations or PR , and/or any other comment that contains personal contact specifcs or advertising will be removed as well.
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