Dollar and treasury yields are back on the march

U.S. Treasury yields moved higher on Friday to their highest since July 21 and U.S. stock futures fell by almost 1%, along with similar losses in Europe. The yield on the benchmark 10-year Treasury note was up 8 basis points at 2.967% as the Fed indicated July meeting minutes that it would continue hiking rates until inflation slows down significantly, although the central bank could soon decrease its pace of tightening.

The 10-year Treasury yields above its 100-day exponential moving average, yields may extend its strength to 3.00% mark with the dollar's rally.