🟢 Leveraged Equity ETF (UVIX) is trading 2.5% up in pre-market as equity futures fall

UVIX is trading at $37.20, up +2.50%, as lower U.S. equity futures support higher volatility.

• Nasdaq futures are down 0.56%.
• The 10-year Treasury yield remains near 5.11%-5.12%, after reaching a 19-year high. Strong September PMI data increased expectations for additional Federal Reserve hikes, pressuring stocks and lifting volatility.
• The VIX rose 6.83% to 15.18 on September 23.