Industry Insights
Stocks vs. Bonds Showdown: Why the S&P 500 Keeps Ignoring 5%+ Treasury Yields (For Now)
Key points
- The 10-year Treasury yield climbed above 5.25%, yet the S&P 500 remains just 2.2% below the 7,900 year-end target
- Real yields account for nearly all of the yield increase, signaling confidence in economic growth rather than inflation fears
- Credit markets show early stress: CDS spreads widened and private credit ETFs slid amid heavy redemption requests above 5% quarterly limits
Yardeni Quicktakes2 days ago89 views0 comments
