S&P 500 futures trimmed some losses on Monday as Treasury yields declined following reports that the Treasury may utilize the General Account to fund a buyback operation.
Futures linked to the broad market index decreased by approximately 0.2%, while Nasdaq-100 futures dropped 0.5%.
Dow Jones Industrial Average futures declined by 64 points, or 0.1%.
The 10-year Treasury note yield fell by 4 basis points to 4.7%.
Similarly, the 30-year Treasury bond yield, which recently surpassed 5.3% its highest level in nearly two decades dropped 4 basis points to 5.23%.
Source (CNBC)
