United States Government Bond 10Y , What does it mean for stocks?

The benchmark 10-year Treasury yield advanced to a 33-month high of 2.25%, as expectations of higher interest rates dented appetite for government debt while investors continued to follow developments in the Russia-Ukraine war. The Federal Reserve has already kickstarted its monetary tightening, hiking interest rates by 25bps and signalling six more rate hikes this year to rein on higher inflation, which is running at a four-decade high. Meantime, Ukraine’s President Volodymyr Zelenskyy warned that if peace talks with President Vladimir Putin fail, it could start a third global war