Bond market swings back to worries and knocks stocks lower
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By Avinash P and Purvi Agarwal Aug 21 (Reuters) - U.S. stock index futures regained ground on Friday after sharp declines in the previous session, though markets were on track to end the week lower due to surging government bond yields and geopolitical uncertainty.
Bitcoin bounced and global stocks clawed back some of their recent losses on Friday as investors assessed the US Treasury's efforts to push down long-term borrowing costs.The US Treasury bought its own bonds this week in an effort to push down borrowing costs after the 30-year yield surged to levels last seen in 2007,
Yields, at recent highs this week, dropped after treasury’s vow to ‘provide greater liquidity support’ to bond market
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