Last Time Bond Yields Surged Like This, Stock Markets Sank
- US 10-year Treasury yield near 4.7%, highest since last April
- Negative economic news could trigger correction: Goldman
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There’s room for stock markets to fall further as bond yields approach levels that have been painful for equities in recent years.
The US 10-year Treasury yield climbed to levels just shy of 4.7%, the highest since April after an almost uninterrupted surge of more than one percentage point since mid-September.