Stock futures were little changed Thursday following a sizable sell-off on Wall Street as worries about a ballooning deficit deepened. S&P 500 futures and Nasdaq 100 futures added 0.1% and 0.2% respectively. Futures on the Dow Jones Industrial Average were down 38 points, or 0.1%. The blue-chip Dow on Wednesday slid more than 800 points, while the S&P 500 finished the day 1.6% lower. Equities were pressured by a sharp spike in Treasury yields amid concerns that a new U.S. budget bill would put even more stress on the country’s already large deficit. The bill could increase the U.S. government’s debt by trillions and raise the deficit at a time when fears of a flare-up in inflation due to Trump tariffs are already weighing on bond prices and boosting yields. The measure advanced to the House floor late Wednesday, where it’s expected to pass. The 30-year Treasury bond yield jumped again Wednesday to hit 5.09%, touching the highest level going back to October 2023. The benchmark 10-year Treasury note yield traded at 4.59%. On Thursday, the 30-year and 10-year yields fell marginally. “I think it really speaks to the impact from the rate of change of yields versus just that drift higher,” Kevin Gordon, Charles Schwab senior investment strategist, said on CNBC’s “Closing Bell.” “It’s driven by inflation concerns that are tied to the budget deficit that are then tied to the potential path of the dollar.” Investors will monitor weekly jobless claims data, set to be released Thursday morning, for clues about the labor market. Asia-Pacific markets fell Thursday, tracking declines on Wall Street as investor sentiment soured on fears that a new U.S. budget bill could substantially add to the country’s debt. Japan’s benchmark Nikkei 225 fell 0.84% to close at 36,985.87, while the Topix lost 0.58% to end the day at 2,717.09. South Korea’s Kospi slipped 1.22% to 2,593.67 and the small-cap Kosdaq declined 0.82% to close at 717.67. Australia’s benchmark S&P/ASX 200 fell 0.45% to end the trading day at 8,348.7. Hong Kong’s Hang Seng index slipped 1.19% to close at 23,544.31, while mainland China’s CSI 300 fell 0.06% to close at 3,913.87. Oil prices fell 1% on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand growth. Brent futures fell 93 cents, or 1.4%, to $63.98 a barrel. U.S. West Texas Intermediate crude dropped 84 cents, or 1.4%, to $60.73. The Organization of the Petroleum Exporting Countries and its allies, known collectively as OPEC+, are discussing whether to make another large output increase at their meeting on June 1, Bloomberg News reported. Gold prices rose to a two-week peak on Thursday as investors leaned toward the safe-haven asset amid mounting concerns over the U.S. government’s growing debt and soft demand for 20-year Treasury bonds, highlighting low appetite for U.S. assets. Spot gold gained 0.8% to $3,340.53 an ounce as of 0300 GMT, after hitting its highest level since May 9. U.S. gold futures rose 0.9% to $3,341.90. The dollar is hovering near a two-week low hit in the previous session, making greenback-priced gold cheaper for holders of overseas currency.