Investors Are Driving Government Bond Yields Higher

US stock futures wiped out early gains driven by the artificial-intelligence trade after a renewed rise in oil deepened a selloff in bonds.

S&P 500 futures erased an advance of as much as 0.7% that was driven by an upbeat forecast from Micron Technology Inc. The gains evaporated as yields hit fresh multiyear highs, with the 10-year Treasury rate up five basis points to its highest since 2002. Thirty-year UK gilt yields reached 6% for the first time since 1998. Brent crude briefly hit $100 a barrel.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie.

Chapters:
00:00:00 – The Opening Trade
00:00:31 – Market Check
00:02:50 – Global Bonds’ Worst Quarter Since 2024
00:04:41 – France Budget
00:07:16 – Tech Stocks Surge
00:11:43 – Micron Stock
00:26:01 – France Present 2027 Budget
00:40:05 – French Bonds Flirting With Crisis Mode: MLIV
00:47:05 – Stocks to Watch: Tech Stocks, Sanofi, Pandora
01:03:30 – Micron Forecast Beat AI Memory Demand
01:07:31 – FlyDubai Rescue Latest
01:15:14 – Micron Gives Bullish View
01:29:15 – French Bond Risk Hits New Milestone
01:33:00 – US 10-Year Yield Highest Since 2022
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