Intraday Update – Higher Yields Keep Pressure on Stocks

2:44 p.m. ET The 2-year yield is up five basis points to 5.14%. The 10-yr yield is up ten basis points to 4.79%, and the 30-year yield is up +14 bp. The averages are just off session lows… SP-500 1.5%, Dow -1.4% (Transports -0.9%), NASDAQ-100 1.9%, Small Caps -1.8% 10-year yield (10m) although any notable…