6% Treasury yields are the biggest risk facing stocks right now. Here’s why.

The report says a global bond-market selloff was beginning to weigh on stocks Tuesday, while major U.S. indexes were on track for a third consecutive declining session. It identifies a potential 6% Treasury-yield environment as the central risk facing equities, but the supplied material does not specify which Treasury maturity is involved or provide a confirmed yield level.

Higher government-bond yields can pressure stocks by increasing the discount rate applied to future corporate earnings and by making fixed-income assets more competitive with equities. The immediate transmission in this report is broad rather than company-specific: the bond rout is already coinciding with weakness across major U.S. indexes.

The next signals are the path of Treasury yields, whether the bond selloff spreads across global markets, and whether equity declines broaden beyond the major indexes. No company-specific filings, estimates, valuation data or analyst actions were provided, so the story does not establish a single-name equity trade.