Strategists Warn Treasury Yields Are Entering Risk-Asset Danger Zone

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HSBC said a bond sell-off pushed the 30-year Treasury yield to 5.19% and the 10-year yield to 4.667%. The Bureau of Labor Statistics reported that CPI rose to 3.8% in April, above the 3.7% consensus forecast. Steve Sosnick and Ian Lyngen warned that sustained yield increases could pressure stocks.
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