Stock futures rose slightly Friday, but the market is still poised to end the week with steep losses. Futures on the Dow Jones Industrial Average were up 28 points or 0.1%. S&P 500 futures and Nasdaq 100 futures climbed 0.2% and 0.4% respectively. Those moves followed a three-day losing streak for all three stock averages as investors reacted to a signal from the Federal Reserve that it intended to keep interest rates higher for longer. These lofty levels could put pressure on risk assets like equities. The S&P 500 and the tech-heavy Nasdaq Composite are down 2.7% and 3.5% this week, respectively, on track for their worst weekly performance since March. It would also be their third negative week in a row. The blue-chip Dow has dipped 1.6% in the meantime. Bond yields surged after the central bank forecast one more rate hike for 2023. The benchmark 10-year Treasury yield popped 15 basis point to hit a high of 4.498%, its highest level since 2007. Meanwhile, the 2-year rate topped 5.2%, touching its highest level since 2006. Investors also became concerned about a government shutdown, which could dent consumer confidence and slow down the economy further. House Republican leaders sent the chamber into recess on Thursday. “Risk-off resumed as markets grappled with the ‘higher for longer’ signal,” George Goncalves, head of U.S. macro strategy at MUFG, said in a note. “The weak close opens the door to more losses into month-end, especially with a potential government shutdown ahead (during a period of the year that is seasonally the most volatile for risk assets).” U.S. Treasury yields were little changed on Friday as investors considered what could be ahead for the economy and weighed the outlook for interest rates after this week’s Federal Reserve policy meeting. At 5:49 a.m. ET, the yield on the 10-year Treasury was down by less than 1 basis points at 4.476%. The 2-year Treasury was trading at 5.138% after dipping by just over 1 basis point. Both eased slightly from the fresh multiyear highs they hit on Thursday, when they reached levels last seen in 2007 and 2006, respectively. Asia-Pacific markets are mixed as the Bank of Japan left its monetary policy unchanged after its latest meeting concluded on Friday, with some markets paring losses earlier in the day. The central bank kept rates at -0.1%, and capped the 10-year Japanese government bond yield around zero. Japan’s Nikkei 225 fell 0.52% to close at its lowest level this month at 32,402.41, while the Topix slid 0.3% to 2,376.27, marking three straight days of losses. Hong Kong’s Hang Seng index gained 2.12% in its final hour, reversing losses and leading gains in Asia, while mainland Chinese markets also advanced, with the CSI 300 closing 1.81% up at 3,738.93 and rebounding off its 10-month low. In Australia, the S&P/ASX 200 gained 0.05%, also reversing losses earlier in the day and ending at 7,068.8. South Korea’s Kospi slid 0.27% to close at 2,508.13, while the Kosdaq slipped 0.39% for its sixth straight day and finished at 857.35, its lowest level since May 31. Oil prices rose on Friday as renewed global supply concerns from Russia’s fuel export ban counteracted demand fears driven by macroeconomic headwinds and high interest rates. Brent futures were up 52 cents, or 0.56%, at $93.82 a barrel, while U.S. West Texas Intermediate crude (WTI) futures rose by 73 cents, or 0.81%, to $90.36 a barrel. Gold prices edged higher on Friday following weak economic data out of Europe and a week of key central banks deciding to stand pat on interest rates, although a stronger dollar kept bullion gains in check. Spot gold was up 0.3% at $1,924.70 per ounce, as of 0951 GMT, following three sessions of losses. U.S. gold futures rose 0.3% to $1,945.40.