Jamie Chisholm is a markets reporter based in London.
U.S. stock futures were mildly mixed early Tuesday, holding most of the previous day’s rally as Treasury yields moved lower.
What’s driving markets Lower benchmark borrowing costs were helping S&P 500 futures hold most of Monday’s 1.2% bounce off five-month lows. News on Monday that the U.S. Treasury was planning to borrow less than expected this quarter and would thus have to issue less paper was also seen underpinning bond prices. The Treasury will announce its third quarter refunding program on Wednesday.
Such signs of a struggling global economy will be in the Federal Reserve’s thinking as it begins its two-day policy meeting on Tuesday. It is expected midweek to leave rates unchanged at a range of 5.25% to 5.50%.
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