The 30-year Treasury yield just crossed 5.37%, heading for its highest close since June 2004.

Meanwhile, oil's back above $90/barrel. That combo is reigniting inflation worries and rate hike talk.

Bond market's getting squeezed. When long-term rates climb like this, it ripples through everything—mortgage rates, corporate borrowing costs, equity valuations.

Worth watching how this pressure plays out across sectors. Higher rates usually hit growth stocks and rate-sensitive names hardest.