U.S. stock index futures fell deep into the red ahead of Thursday's open.
Around 5:00 a.m. ET, Dow futures fell 139 points, indicating a lower open of -106.39 points. Futures on the S&P 500 were indicating a lower open of -15.66 points, while Nasdaq futures signaled a downbeat open of -54.18 points.
U.S. futures are following the negative sentiment seen in markets overseas, as investors around the world become jittery over rising rates.
In the previous session, the yield on the 10-year Treasury note hit its highest level since July 2011, while the yield on the 30-year Treasury bond reached the highest it's been since October 2014.