From my point of view, the US 10Y bond yield is a risk-free yield which is key to the asset price. I don't know what caused the 5+% jump, but it's not a good sign.
The rate is a sort of fund cost. When it goes higher, risky assets will be under pressure. Stocks belong to that category.
So, be careful!
The rate is a sort of fund cost. When it goes higher, risky assets will be under pressure. Stocks belong to that category.
So, be careful!
plan your trade and trade your plan
