"Stock Futures Point to Promising Recovery Ahead of US Jobs Data"

Global bond yields surged to multi-year highs after a stronger-than-expected jobs report fueled expectations of further interest rate hikes by the Federal Reserve. Yields on 10-year Treasuries reached nearly 4.9%, while the 30-year bond rose above 5%, both hitting their highest levels since 2007. The stock market initially dipped but recovered, with tech giants Microsoft and Advanced Micro Devices helping the Nasdaq 100 stay positive. The bond sell-off has raised concerns about the prolonged elevation of interest rates and its impact on risk assets. The strong jobs report has also shaken confidence in the Fed's ability to manage the economy without triggering a recession.