Stock markets have paused as bond yields steadied just below multi-year highs amid war-driven inflation fears, though yields remain high enough to cloud the outlook for Nvidia's looming results.
The benchmark 10-year US Treasury yield hit a 16-month high of 4.687 per cent on Wednesday, while the 30-year yield climbed to 5.198 per cent, levels last seen in 2007.
Both have since eased slightly to 4.65 per cent and 5.17 per cent, respectively.
