News Summary

• The benchmark 10-year yield climbed on Thursday to over 4.96%, a fresh three-year high.
• The rise is coming as traders brace for the Fed to start raising rates again as soon as next week.
• A disorderly bond selloff would pose the biggest risk to the stock market, analysts say.
• The S&P 500 Index is not far below last month's record highs despite a 2% slide over the past four days."One would think that we are on the cusp of a long-anticipated correction in the equity market," said Joseph Brusuelas, RSM chief economist.