A new Markets Pulse survey found that if the U.S. 10-year Treasury yield reaches 5% to 5.25%, U.S. stocks could fall 10% from their peak. Among 122 respondents, about 30% said that yield range would be enough to trigger a correction. The 10-year yield has already climbed above 4.96%, marking a three-year high. The chief economist at RSM said the market is on the edge of a pullback. The figures point to growing concern over how higher bond yields could pressure equities if the move continues.
According to ChainCatcher, a new Markets Pulse survey found that if the U.S. 10-year Treasury yield reaches 5% to 5.25%, U.S. stocks could fall 10% from their peak.
Among 122 respondents, about 30% said that yield range would be enough to trigger a correction. The 10-year yield has already risen above 4.96%, its highest level in three years.
RSM's chief economist said the market is on the edge of a pullback.
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