Investing.com investing.com 06 Jan, 2021 16:15 am

Opening Bell: NASDAQ Futures Slump, Russell Surges On Blue Wave; Yields Jump

Opening Bell: NASDAQ Futures Slump, Russell Surges On Blue Wave; Yields Jump
Market Overview Analysis by Investing.com (Pinchas Cohen/Investing.com) covering: EUR/USD, GBP/USD, USD/JPY, XAU/USD. Read Investing.com (Pinchas Cohen/Investing.com)'s latest article on Investing.com

At the same time, contracts on the Russell 2000 have jumped as the cyclical rotation gathers pace.The Russell 2000 surged 2%, leaving the other benchmarks far behind.The cyclical rotation in stocks increased in pre-US market trading on Wednesday.Yields on the 10-Year Treasury note topped 1% for the first time since March and the dollar extended its sellfoff as markets priced in uncontested Democratic legislative rule.

Yields on the 10-year Treasury note jumped above the psychological level of 1.50 level doesn't hold, the USD is expected to extend its decline within its falling channel, after completing back-to-back continuation patterns.

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