Global bond markets remained under pressure on Tuesday, with the 10-year U.S. Treasury yield retreating to 5.28% after hitting a peak of 5.31%, its highest since 2002. European bond markets also fell to multi-decade lows. Meanwhile, global stock markets approached record highs, with U.S. equity futures slightly up. The S&P 500 index was just shy of its first record high since August, and Nasdaq 100 futures solidified at record levels. The Stoxx Europe 600 index extended its gains to 1%, reaching an intraday high.