Markets slip with bonds, and the ten-year hits 3%, states Bill Baruch, president of

Stocks staying rangebound and Crude holding the breakout range. Let's dive in.

Overnight tailwinds from China helped the S&P 500 (SPX) lift off early, only to reverse as of writing. More importantly, the ten-year bond yield breached 3.00%! Will equity buyers step in and push the indices to new monthly highs? Crude Oil has also taken a step backward, as the China re-opening news has already been priced in. $117.80 is a support level.

Gold and Silver are failing against resistance, but at the end of the day, it's worth keeping an eye on the yields!

Learn more about Bill Baruch at Blue Line Futures.