The climbing yield on the 10-year Treasury note — now 3.70%, a nine-month high — can mean bad things for economic growth and stock prices. But not yet, if market guru Jeffrey Kleintop is right. He says the 10-year Treasury needs to be higher than 5% before it hurts stocks.
Continue reading Why Rising Interest Rates Won’t Break the Bull’s Run
Why Rising Interest Rates Won’t Break the Bull’s Run originally appeared on DailyFinance on Fri, 11 Feb 2011 06:30:00.
Filed Under: Economy, Investing, Investing Basics, Market News