Stocks Set to Open Lower as Bond Yields Climb, Key U.S. Economic Data Awaited

March S&P 500 E-Mini futures (ESH26) are down -0.25%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.46% this morning, pointing to a lower open on Wall Street as rising Treasury yields curbed investors’ risk appetite. The 10-year T-note yield rose three basis points to 4.23% after Bloomberg reported that Chinese regulators had told financial institutions to scale back their U.S. Treasury holdings, citing concerns about concentration risks and market volatility. Treasury yields also tracked a rise in Japanese government bond yields following a historic election victory by Prime Minister Sanae Takaichi. This week, investors will focus on key…