US stocks pared steep losses Thursday as bond yields surged, with the 10-year Treasury yield hitting 5.21%, its highest since 2007. The 30-year yield neared 5.5%, the highest since 2004, pushing the 30-year mortgage rate to 7.45%. Oil stayed elevated, with Brent near $105-106 a barrel amid Middle East tensions.
Wall Street Recovers as Bond Yields Hit Multi-Year Highs
Source: CNBC TV18