Rising Bond Yields Spark Concerns of Return of Bond Vigilantes and Impact on Stocks
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Spiking Treasury yields indicate bond vigilantes may be back, selling bonds to protest government policies and push yields up.
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Higher yields hurt existing bonds and stocks, but technical charts show yields may be nearing a peak around 5%.
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Experts debate if charts or macro trends like inflation and debt drive yields. Stocks falling could still lift bonds.
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Strategies include shorter-term bonds or cash if worried about rising yields, since bonds and stocks can both lose value.
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Historically, modestly higher yields haven't always hurt stocks, but extreme moves in either direction create risks.