ORLANDO, Florida, Nov 2 - Fears that high and rising Treasury yields will pummel Wall Street are understandable, but ultimately misplaced - history shows that the link between yields and stocks ranges from patchy at best, to non-existent.
That's in a world with bond yields up over 100 basis points in the last three months to their highest since 2006-07, and the entire yield curve briefly trading above 5.00% recently. The S&P 500 fell in the year following 20 of those months, was unchanged a year after one of them, and rose in the year following 45 of them.
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