Stocks hold despite 5% yields; JPMorgan strategist cites AI
JPMorgan’s strategist said the market’s historical link between rising Treasury yields and equity stress may be changing as the 10-year Treasury yield surged toward 5%.
Stocks have remained resilient even as Treasury yields climbed to levels that in the past would have been a major concern for equities, with JPMorgan asking whether the market’s link with interest rates has changed. 36…