Global markets are under pressure, US market slips due to rising bond yield, 10yr yield crosses 4.9%

Heavy pressure on global markets, American markets broken due to rising bond yield
Dow slipped 330 points and closed near the day's low.
Nasdaq slipped 1.6%, Russell 2000 fell 2%
US 10 year bond yield crosses 4.9%
2 year, 5 year and 10 year yields at 2007 highs