: U.S. stocks open lower as Treasury yields jump to fresh highs

U.S. stocks opened lower on Tuesday as a selloff in long-dated Treasury bonds continued to weigh on stocks. On Tuesday, the yield on the 30-year bond BX:TMUBMUSD30Y reached its highest level since 2007, while the 10-year yield BX:TMUBMUSD10Y also climbed to fresh 16-year highs. The S&P 500 SPX fell 22 points, or 0.5%, to 4,265 at the open. The Nasdaq Composite COMP shed 96 points, or 0.7%, to 13,210. The Dow Jones Industrial Average DJIA was off by 154 points, or 0.5%, to 33,279.

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