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U.S. stock futures steady amid Treasury yield watch
U.S. stock futures remain steady after a session marked by volatility, as investors monitor Treasury bond yields and oil prices. Oil prices rose significantly, with WTI crude surpassing $93 a barrel, while Brent crude increased by more than 1% to exceed $97. These gains put pressure on U.S. Treasury yields, which are hovering around 4.78% for 10-year bonds, as the market continues to await upcoming U.S. labor market data. Concerns over inflation and the Federal Reserve's ongoing interest rate hikes persist.
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