US bond yields have crept above a dangerous level that could signal weakness for stocks

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• The bond market is warning that interest rates could stay higher for longer.
• The yield on the 30-year US Treasury was above 5% on Tuesday as rate-hike expectations grew.
• Investors are worried hot inflation will cause the Fed to pause rate cuts, which could hurt stocks.

The bond market is sending a new warning to investors: don't expect any rate cuts soon.

That was evident in the move in Treasury yields this week, which...