US STOCKS-Wall Street slips as yields overshadow M&A

(Reuters) - NEW YORK, July 5 - U.S. stocks slipped on
Thursday as worries about rising bond yields overshadowed
strong economic data and news of a $20 billion buyout of Hilton
Hotels Corp.




Rising yields can lead to higher borrowing costs, which can
cut into corporate profits. The yield on the benchmark 10-year
Treasury note rose to 5.11 percent from 5.05
percent on Tuesday after stronger-than-expected data on the
jobs market.


Read more at Reuters.com Bonds News