US STOCKS-Futures drop as rate concerns keep Treasury yields elevated

U.S. stock index futures declined on Tuesday as investors continued to grapple with fears of a prolonged restrictive monetary policy by the Federal Reserve and its impact on the economy. At 5:19 a.m. ET, Dow e-minis were down 145 points, or 0.42%, S&P 500 e-minis were down 22 points, or 0.5%, and Nasdaq 100 e-minis were down 85.25 points, or 0.57%. Pressuring equities, the benchmark two- and 10-year Treasury yields have scaled multi-year highs after the Fed's hawkish longer-term rate outlook, a stance also projected by other major central banks.