Grace O’Donnell

(Yahoo! Finance) - What happened: The 10-year yield (^TNX) rose about 6 basis points to 4.68% Tuesday, while the 30-year yield (^TYX) rose 5 basis points to 5.2%, hitting its highest level since July 2007. Why it’s important: Bond yields, which move inversely to bond prices, are going the “wrong way” for stocks, Nomura Securities equity derivatives analyst Charlie McElligott wrote in a note on Tuesday.

(Yahoo! Finance) - US Treasury yields rose to their highest levels in 10 months as investors digested two hotter-than-expected inflation readings. The 10-year Treasury yield (^TNX) edged up toward the key 4.5% level and was sitting at 4.48% on Wednesday morning. It is currently at its highest level since July of last year. The longer-dated 30-year yield (^TYX) also traded at a 10-month high and rose back above the key psychological level of 5%, while the 5-year yield (^FVX) rose slightly to 4.14%.

AUSTIN, Texas — The No. 12-seeded Clemson Tigers fell to the No. 5 Texas Longhorns by a score of 38-24 on Saturday afternoon. Head coach Dabo Swinney returned to the College Football Playoffs for the first time in nearly four years at Darrell K. Royal Memorial Texas Stadium, extending Clemson’s streak to seven appearances. Despite a valiant second half resurgence, the Tigers could not recover from the early point deficit of the first half.