Description: How much of a rise in yields would it take to upend the bull market in stocks? Maybe not as much as investors think. Strategists at Société Générale say if longer-term yields begin to recover, asset valuations could look particularly steep once the risk-free rate, usually the 10-year Treasury yield TMUBMUSD10Y, -1.58% rose.
Date: Nov 22, 2017
Questions for discussion:
- What is the basis of the prediction and warning of a correction?
- What do you think of this model and thinking?