Bond Yields Are Surging and Could Keep Rising. What That Means for Stocks.

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Text size Daniel Acker/Bloomberg Bond yields have been on a mini-surge this week. The current yield on the 10-year Treasury suggests it can rise even more in the short-term, making cyclical stocks look like good bets.  The 10-year yield rose to 1.46% on Friday from a low point of 1.3% this week. It passed 1.38% this week, a key level of support at which buyers had tended to step in for the past few months. Bond prices and yields move inversely. Signs point to a continued climb for the 10-year yield. Bay Crest Partners’ chief market technician, Jonathan Krinsky, writes that the 10-year yield looks to be headed
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