U.S. stock futures fall as Treasury yields rise after weekly jobs data

U.S. stock index futures fell ahead of the open on Thursday as Treasury yields rose after weekly jobs data suggested the labor market remained healthy.

What’s driving markets After a brief reprieve Wednesday, Treasury yields rose again early Thursday following data including a weekly reading on the number of Americans applying for unemployment benefits. “Treasuries were little changed ahead of the release and since the print the curve has steepened back to the recent extremes,” said Ian Lyngen, head of U.S. rates strategy at BMO Capital Markets, in emailed commentary.

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