US futures pare losses but caution remains ahead of the weekend

April 11, 2025
-FXnews

Ah, just 34%? Good times. 10-year Treasury yields were also sitting at 3.88% then, and now they’re at 4.45%. If anything, it goes to show what a wild one week it has been in markets.

Anyway, S&P 500 futures are more or less flat at the moment ahead of European trading. An accurate estimate of the impact of the tariffs is tough to gauge but as things stand, the global economy is still set to get hit hard. Not least with the surge in tariffs between the US and China. 30-year yields are back at 4.90% again today. So, something’s gotta give.

It is either Trump, China, or the Fed that has to blink again next now

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