Everything’s cool til three percent on the 10-year

JPMorgan’s Asset Management piece this week looks at new recovery legislation just passed, what role the Fed will be playing in the recovery and more. I thought this bit about real rates and the reaction in S&P 500 stock prices was interesting… The recent backup in long bond yields—even if they are rising for the right reasons—has investors concerned about the level of rates that become punitive for st...

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source https://thereformedbroker.com/2021/03/15/everythings-cool-til-three-percent-on-the-10-year/