Stocks Dip as Yields Rally, Sparking Growth-Cost Concern
TL;DR
U.S. equities moved into the red after an initial rally as long-term yields climbed—10-year around 4.60% and the 30-year at 19-year highs—raising debt costs and pressuring valuations. Morgan Stanley warned of a meaningful correction if rates stay elevated, with bond volatility likely to persist until the U.S.–Iran conflict subsides.
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