Tag: 10-Year Treasury at 6%

Summary The 10-year U.S. Treasury yield has become the single most important variable in global asset pricing. Having touched 5%—a 19-year high—the debate has shifted from whether it can reach 6% to what happens to equities if it does. JPMorgan’s strategy team places the threshold that genuinely pressures equities at 5.5% to 6%, well above…