Equity and Bitcoin futures fell as rising bond yields pressured the market.

Equity futures faced notable selling pressure as a significant jump in bond yields added new headwinds to the bull market. The Nasdaq-100 and Dow both experienced steep intraday drops as the 30-Year Treasury yield surged to a 19-year high of 518 bps, driven by renewed inflation concerns and geopolitical tensions in the Middle East. Higher borrowing costs across consumer credit segments are beginning to raise questions about future spending, putting additional focus on upcoming PMI data. Meanwhile, options volume surged in the ES and NQ ahead of highly anticipated tech earnings and the release of the Fed minutes, with significant activity in short-term put options. In the crypto space, Bitcoin futures hovered near the 76,000 mark, remaining relatively unchanged on the day after struggling to break through strong resistance at 80,000 amid the shifting interest rate landscape.