U.S. stock index futures held on to gains of more than 1 percent as Wall Street attempts to bounce back from its worst week in two years, while volatility remains relatively elevated and U.S. bond yields hit a new four-year high.

The benchmark S&P 500 index closed up 1.5 percent on Friday, but still ended the week nearly 9 percent below its all-time high on Jan. 26 as investors fretted that the specter of rising inflation would warrant increasing interest rates at a faster-than-expected pace.

“The futures are pointing to a solid bounce in attempt to resume Friday’s climb, notwithstanding the 10-year U.S. Treasury yield knocking on the 2.9 percent level,” Peter Cardillo, chief market economist at First Standard Financial in New York, wrote in a note.

Read more in Reuters.