21 June 2023
US equity futures are flat as global markets decline on rising bond yields and UK inflation data. S&P futures down -0.1% after back-to-back losses. FedEx Corp. shares drop 3% on weakened demand. Dollar strengthens, Treasury yields rise. Gold, oil, and Bitcoin show little change. Powell testifies today, more hawkish sentiment expected. 20-Year Treasury Bond auction at 1:00 p.m. ET.