US STOCKS-Futures subdued on relentless rally in Treasury yields

Futures tracking Wall Street's main indexes were subdued on Wednesday after a spike in long-term U.S. Treasury yields, while investors awaited more clues on the state of the labor market and the likelihood of prolonged restrictive monetary policy. Adding to investor anxiety was the ouster of Speaker Kevin McCarthy by some Republicans in the House of Representatives just days after the government narrowly averted a shutdown. While the 30-year Treasury yield crossed above 5% for the first time since August 2007, the 10-year and five-year yields hit their highest since 2007.