Stocks Turn Mixed as Bond Yields Climb

The S&P 500 Index ($SPX) (SPY) today is down -0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.10%.  March E-mini S&P futures (ESH26) are down -0.05%, and March E-mini Nasdaq futures (NQH26) are down -0.09%.

Stock indexes gave up an early advance today and turned mixed amid higher bond yields.  The 10-year T-note yield is up +4 bp at a 4.25-month high of 4.21%.  Rising inflation expectations are pushing T-note yields higher as the 10-year breakeven inflation rate climbed to a 2.25-month high of 2.321% today.