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Here’s what is keeping stocks from completely crashing with the 10-year above 3%





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.

Let’s face it: If earnings weren’t booming and we had the 10-year up to 3%, with the trade read more >>>

Source:: BusinessInsider.Com

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