Surveillance: A 10-Year Treasury Yield at 6%? Suddenly It's Not So Crazy
Investors start to fret over when stocks’ inevitable breaking point arrives
US Treasury borrowing is helping weigh on bond traders’ sentiment, sending yields surging.
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Stock bulls’ wings will eventually get clipped by higher bond yields. It just isn’t apparent when, or at what level, and today’s Surveillance guests joined the chorus of investors wondering aloud where that inflection point might be.