First Call April 28, 2021

by | Apr 28, 2021 | First Call

  • S&P futures flat with Nasdaq futures down 0.15% in Wednesday morning trading after US equities finished narrowly mixed in the prior session. The market was largely devoid of macro drivers as earnings received the bulk of the attention.
  • Big day with earnings and Fed meeting press conference
  • Treasuries weaker across the curve, extending recent backup in yields.
  • 10-year yields have pushed back to 1.65% (chart on note). 10-year breakevens at an eight-year high.
  • Dollar firmer on the major crosses.
  • Gold down 0.7%.
  • WTI crude up 0.7%.
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