US stocks slip as the 10-year Treasury yield continues to climb and nears a 3-year high

• US stocks were mostly lower on Tuesday while Treasury yields jumped and oil prices pushed higher.
• The 10-year Treasury rate was up to 2.46%, hovering close to three-year highs.

US stocks fell on Tuesday as Treasury yields rose and continued to invert in parts of the yield curve.

The closely-watched inversion of the 10- and 2-year Treasury yields remained slightly inverted. The 10-year yield is hovering close to its highest level in three years, around 2.46%

After a Monday Twitter rally following Elon Musk's disclosure of a 9% stake, the social media platform jumped 10% Tuesday morning as it announced Musk would join the board of directors.

Here's where US indexes stood shortly after the 9:30 a.m. open on Tuesday:

• S&P 500: 4,578.95, down 0.08%

• Dow Jones Industrial Average: 34,937.31, up 0.04% (15.43 points)

• Nasdaq Composite: 14,472.40, down 0.41%

A new Goldman Sachs survey found that over 60% of leading insurers expect the US to enter a recession by 2025, with most pointing to inflation as a primary concern.

The Fed's tightening has contributed to recession fears, and investors are awaiting the release of Wednesday's Fed minutes for hints of the central bank's next moves.

A BlueBay strategist said a "nightmare" Russian debt default is now very likely after the US blocked JPMorgan from processing a $600 million dollar bond payment.

Oil rose, with West Texas Intermediate up 0.9198% to $104.23 a barrel. Brent crude, the international benchmark, rose 0.61% to $108.19 a barrel.

Gold inched higher by 0.1448% to 1,937.20 per ounce. The 10-year yield was up about four basis points to 2.46%.

Bitcoin rose 1.33% to $46,452.47.