India, Aug. 24 -- The major U.S. Index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction after moving mostly higher last Friday but still posted notable losses for the week.
The futures had been pointing to initial weakness on Wall Street but regained ground after a report from CNBC regarding the Treasury Department's recently announced plans to upscale buyback operations for longer-term debt.
Citing two senior Treasury officials, CNBC said the Treasury could use its nearly $1 trillion General Account to help fund its plans to double the size of buybacks.
Treasury yields have moved to the downside in reaction to the report, with the ten-year yield slumping after moving notably...