Higher Oil and Yields Weigh On Stocks

Higher oil prices and Treasury yields continued to pressure equities this morning. A Bloomberg gauge of global sovereign yields rose a fourth day to about 3.72%, the highest since mid-2008. Japan 10-year tagged 3% for the first time since 1996. UK 30-year hit the highest since 1998. Aussie 10s the highest since 2011. Stocks initially…