Yields have been rising on stronger-than-expected economic indicators released earlier this month, but on Tuesday the upward pressure remained despite lukewarm data.

The Dow fell more than 300 points on Monday; investors await consumer confidence data and job openings figures due Tuesday

The mood across bond markets was notably calmer early Tuesday, though Treasury yields remained near multi-year highs after the recent selloff. The 10-year Treasury yield, which closed Monday at 5.241%,

Since 1998, the earnings bond-yield has explained only about 10 percent of stock-versus-bond returns over the next 12 months. Expand it to a three-year outlook and it explains about half. Similarly, short-term changes in yields do not typically have short-term predictive power.

Soaring Treasury yields aren't just bad for the government and its $40 trillion debt. They also threaten to raise borrowing costs, hitting everyone from homeowners to credit-card users, while providing limited relief to consumer and potential benefits to banks.

As of the end of September, US 2-year, 10-year, and 30-year Treasury yields have seen a rapid rise, with the 10-year yield exceeding 5.2% and the 30-year yield surpassing 5.5%, marking new highs since the COVID-19 pandemic (and even reaching multi-decade highs) while remaining elevated.

Yields on the US Treasury’s longest-dated bond rose for a sixth straight day, crossing another key threshold amid a deepening sell-off across global debt markets.

NEW YORK, Sept 29 (Reuters) - The dollar rose against major currencies on Tuesday as investors positioned for economic data that could offer clues on the Federal Reserve's interest-rate path, with Treasury yields hovering near multi-year highs. The ...