MarketWatch: “The 10-year Treasury yield is nearing 5% again. Why stock-market investors are freaking out.”
By datatrekresearch in IN THE NEWS
Excerpt from MarketWatch quoting DataTrek's Nick Colas:
.... “Markets are spooked by the 5% level on the 10-year [yield] because it is the outer limit of an entire generation’s experience with prevailing interest rates [over the past 20 years]. The last time we went past 5% was in mid-2007, and we all know how that story ends,” said Nicholas Colas, co-founder of DataTrek Research"....
Full article here on MarketWatch.
