The 10 year yield futures edged higher to 4.19% in today’s trading, reflecting investor expectations of prolonged Fed tightening. Traders are reassessing inflation data, and bond market volatility is adding pressure on equity valuations, especially in rate-sensitive sectors. Annaly Capital Management (NYSE: NLY) currently clocks in with a 13.4% dividend yield . That's high, even for a real estate investment trust ( REIT ) where the average yield is closer to 4%. Got a confidential news tip? We want to hear from you. Persistent strength in 10 year yield futures signals that long-term borrowing costs will likely stay high. This could keep pressure on equity sectors reliant on leverage, including REITs, private equity-backed firms, and capital-intensive industrials.