If professional investors are worried that the rise in global bond yields will derail a bull market in stocks, you’d never guess it by looking at what they’re doing with the money they manage.

US stock futures were lower ahead of the market open on Thursday as a rally in government bond sputtered, sending yields higher, and oil prices rose. Walmart Inc.’s earnings disappointed, pressuring shares of the retail giant and peers.

FORM 8.3

FORM 8.3

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