US equity futures are modestly firmer, as the market rebounds somewhat following the hefty losses seen Thursday. Mild declines in Treasury yields are supporting equities, while bargain hunting is likely playing a role as well. Trading is a bit more orderly, at least so far, following a very choppy week. The US Dollar lifted out of correction lows, tracking the action in US Treasury yields, as the 10-year T-note yield rose to near 1.700% from a pull back low at 1.676%. The USDIndex rallied to a 2-day high at 92.07 from a low at 91.66, while EURUSD dropped to two-day lows under 1.1883.

 

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Andria Pichidi

Market Analyst

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