, Columnist
Don't Worry About Bonds Just Yet, Stock Investors
Yields have a way to go before they disrupt equities.
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Stock investors need to pause and catch their breath after the great market freakout that caused stocks to plunge last week.
The Dow Jones Industrial Average fell an ominous nearly 666 points on Friday, or 2.5 percent, capping the worst week for the market since early 2016. There were a number of reasons for the sudden panic -- poor tech earnings, ugly politics, rising inflation -- but the biggest concern, it appeared, was interest rates. Bond yields have been rising rapidly. The yield on the 10-year Treasury hit 2.84 percent on Friday. It started the year at just 2.4 percent and was as low as 2.1 percent in early September.