Stocks Waver Amid Rising Treasury Yields; Oil Leads, Bitcoin Dips: Thursday’s Market Movers

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Stocks remained muted Thursday, as rising yields on long-term Treasury bonds dampened risk appetite. The yield on the U.S. 10-year Treasury note soared to 4.31%, the highest since October 2007. The 30-year yield rose to over 4.4%, its highest point since March 2011. Both the S&P 500 and the Nasdaq 100 were near flat during midday trading, while energy outperformed all other sectors, driven by rising oil and natural gas prices. Investors continue to maintain a cautious stance after the latest FOMC minutes revealed that a majority of Fed officials continued to highlight “significant upside risks…

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