The risk mood keeps more cautious as Treasury yields track higher

  • German DAX futures +0.2%
  • UK FTS futures -0.2%
  • Spanish IBEX futures flat

This follows more solid gains in European indices yesterday as well but the market is keeping a more cautious tone now as the focus turns back to Treasury yields - which are tracking higher since the early morning.

10-year yields in the US are up a little over 4 bps to 1.579% currently. That is pinning S&P 500 futures down by 0.1% and Nasdaq futures down by 0.6%.