US pre-open: Futures higher despite Treasury yields hitting fresh highs

25th Sep 2026 10:47

(Sharecast News) - Wall Street futures were in the green ahead of the opening bell on Friday despite Treasury yields continuing on their upward climb.

As of 1215 BST, Dow Jones futures were up 0.19%, while S&P 500 and Nasdaq-100 futures had the indices opening 0.26% and 0.54% firmer, respectively.

The Dow closed 161.61 points lower on Thursday after the yield on the benchmark 10‑year Treasury note climbed to 5.225%, its highest level since 2007, while the 30‑year note moved up to 5.502% as bond markets extended a sharp week‑long selloff.

Treasuries remained in focus prior to the open on Friday, with the latest rise in yields following hawkish remarks from Federal Reserve governor Michael Barr, persistently elevated energy prices linked to the Iran war, and a hotter‑than‑expected PMI print. According to CME's FedWatch tool, futures pricing now implies around a 68% chance of a rate hike in October.

Higher benchmark yields also pushed up borrowing costs for households, with the 30‑year fixed mortgage rate - which typically tracks the 10‑year note - rising to 7.45%, its highest level since 2024, signalling further pressure on consumer financing ahead of the midterm elections.

On the macro front, August durable goods orders will be out at 1330 BST, while the University of Michigan's September consumer sentiment index will follow at 1500 BST.

No major corporate earnings were slated for release on Friday.

Reporting by Iain Gilbert at Sharecast.com