
A number of stocks fell in the afternoon session after benchmark Treasury yields and surging crude oil prices stoked renewed concerns over inflation and balance sheet stability. The 10-year U.S. Treasury yield rose to about 4.79%, a 20-month high, as U.S.-Iran hostilities lifted energy prices, according to CNBC. Bloomberg noted that elevated oil prices are fanning inflation concerns and weighing on bonds and risk assets on fears the Fed may need to tighten. A steeper long end can deepen mark-to-



