Pre-Market | US Treasury Yield May Hit 5% by 2025 Amid Deficit Concerns, Apple Plans Six iPhone Models for 2027, OpenAI Expands AI Infrastructure with Oracle

22 Jul., DOW FUTURES down 0.05% in pre-market, NASDAQ FUTURES down 0.05% in pre-market, S&P FUTURES up 0.05% in pre-market. Projections suggest that new U.S. legislation could significantly increase federal deficits and debt supply, potentially driving the 10-year Treasury yield to 4.8%-5.0% by the second half of 2025, with a rise in term premiums and downward pressure on the dollar.

Coca-Cola FEMSA shares rose 2.09% in pre-market trading, with earnings expected to grow significantly next year. Mitsubishi UFJ Financial Group shares rose 1.71% in pre-market trading, as Whittier Trust substantially increased its stake in the company. Lockheed Martin shares dropped 6.63% in pre-market trading, due to significant program losses of $1.6 billion reducing earnings per share. Philip Morris shares dropped 4.01% in pre-market trading, as second-quarter revenue fell short of expectations.

In pre-market trading, BloomZ surged by 46.91% following the announcement of a strategic partnership with a trading card retailer to enhance interactive fan experiences. Medpace Holdings also saw a significant rise of 44.40% due to strong Q2 results and raised full-year guidance that exceeded market expectations. Replimune Group, however, dropped by 76.47% after the FDA rejected its melanoma drug application. reAlpha Tech also experienced a decline, dropping by 40.71% following the announcement of a $5 million direct offering selling shares below market price.

China International Capital Corporation predicts that the 10-year US Treasury yield may rise to 4.8%-5.0% in the second half of 2025, citing increased net debt issuance. Apple plans to introduce up to six iPhone models in 2027, its largest annual rollout, including standard and foldable variants as part of a strategy shift. OpenAI partnered with Oracle to develop an additional 4.5 gigawatts of data center capacity in the US, expanding the "Stargate" project to over 5 gigawatts to support AI infrastructure.