U.S. stock markets were set to open in the red on Thursday as investors digest more earnings reports in a quieter week for macroeconomic data. Dow Jones Industrial Average futures were down 50 points, or 0.1%. S&P 500 futures were falling 0.2% and Nasdaq 100 futures were dropping 0.3%.
U.S. Treasury yields held firm on Wednesday on optimism that the Federal Reserve will lower rates more than once this year, but investors had little incentive to trade ahead of important inflation data next week. The Treasury will sell $42 billion in 10-year notes later in the day, after Tuesday's well-received sale of 3-year Treasuries. The yield on benchmark U.S. 10-year notes rose 2.1 basis points from late Tuesday to 4.482%.
The next tests for the Treasury market come on Wednesday and Thursday, when sales of 10-year and 30-year debt are scheduled.