Lower bond yields from Treasury operations boost growth stocks, with Bitcoin nearing $70,000 and Moderna surging 177% on clinical data.
U.S. Treasury buybacks of longer-dated bonds reduced yields, supporting technology and growth assets. The operations improved liquidity and increased demand for long-term debt, making future earnings more valuable for yield-sensitive sectors like tech and AI.
Nasdaq futures rose 0.4% ahead of premarket trading, while S&P 500 futures gained 0.15%. Semiconductor stocks showed mixed recovery signals, with SK Hynix and Samsung rebounding but U.S. chip stocks yet to confirm a trend. Moderna’s stock surged 177% on new clinical data, outpacing broader sector gains.
Bitcoin approached $70,000, and Ethereum’s breakout suggested a broadening crypto rally. However, FOMC minutes indicated potential for higher interest rates if inflation persists.