Here’s what is keeping stocks from completely crashing with the 10-year above 3%
|04/26/2018||Posted by BusinessMediaguide.Com under General World News||
Yields on 10-year Treasury notes broke through 3% on Tuesday for the first time since 2014. The rise in the 10-year yield has the potential to dampen spending as consumers and companies spend more to service their debt. Stock prices dropped Tuesday as this closely watched 3% threshold was breached.
According to Fidelity Investment director of global macro Jurrien Timmer, the market’s reaction could have been a lot worse if earnings growth wasn’t booming.