The 30-year yield hit 5.447%, the highest since 2004, and the 10-year yield reached its highest since 2007. The market now prices a 75% chance of a Fed rate hike in October. Stock futures are falling, led by tech.

One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.