Reported 1 day ago
The 10-year Treasury yield has reached late-2023 highs of nearly 4.8%, causing concern in the markets as inflation shows signs of reacceleration. This shift contrasts last year's perception of rising yields as a sign of economic growth. Analysts suggest that if inflation is not kept in check, upcoming fiscal policies could undermine expectations for Federal Reserve rate cuts, with a consensus forming around the critical level of 5% for yields which could negatively impact stock performance. Despite these concerns, some strategists remain optimistic about stock earnings driving market performance.
Source: YAHOO