Stocks keep shrugging off rising Treasury yields. Here’s the level that could finally trigger a selloff.
The yield on the 10-year Treasury yield continues to climb, but our call of the day from Strategas says that ascent will be much higher before stocks start to hurt.
The 10-year US Treasury yield continues to rise. According to MarketWatch, Strategas strategists believe this ascent will need to go much higher before it starts to hurt stocks.
The 10-year US Treasury yield has climbed toward 4.75%, while the 30-year yield has risen above 5.30%, its highest level since 2007, as reported by FXStreet. This is part of a broader global bond sell-off driven by inflation and fiscal concerns.
Higher yields increase the opportunity cost of holding non-yielding assets such as gold, which has fallen 0.50% on the day to $2,393, as per FXStreet.
Brief written by urgent.news from MarketWatch, MarketWatch Top, FXStreet — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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