Investors don’t have reason for concern about rising yields

Investors in U.S. stocks have little reason for concern that the yield on 10-year Treasury notes surpassed 3 percent last week, according to Sam Stovall, CFRA Inc.’s chief investment strategist.

In a report Monday, Stovall cited figures on the S&P 500 Index’s performance in months with rising yields during the past 65 years. The S&P 500 posted its biggest median monthly gain, 1.9 percent, when the 10-year yield was between 3 percent and 4 percent. The median didn’t turn negative until the yield rose above 6 percent, about twice its current level.

Source: Bloomberg Pro Terminal

 Trader Georgi Bozhidarov

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