India, May 22 -- The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to see further downside following the pullback seen over the two previous sessions.
Concerns about a recent surge by treasury yields may continue to weigh on Wall Street, as the thirty-year bond yield reaches its highest levels since 2023.
Treasury yields have jumped amid concerns about the fiscal impact of a Republican tax cut bill, which passed the House in a largely party-line vote early this morning.
Analysts warn the bill could add trillions to the federal government's already massive $36.2 trillion debt pile. The plan has sparked fears of an even wider deficit, especially as interest payments continue to soar.
In a ...