Reported 17 days ago
JPMorgan's bond chief Bob Michele cautions that if 10-year Treasury yields rise to 5%, it could significantly affect the stock market, which is currently at record highs due to investor optimism post-Trump's electoral victory. While yields have pulled back from a recent high of 4.48%, Michele believes that the new administration's fiscal policies could reignite volatility, potentially leading the Federal Reserve to respond with higher rates that the market may struggle to absorb.
Source: YAHOO