U.S. stock investors are increasingly focused on rising Treasury yields as a potential threat to Wall Street’s record-setting rally, with the benchmark 10-year yield approaching a level that could put greater pressure on equity valuations and borrowing costs, Reuters reported.
The 10-year Treasury yield has climbed more than 80 basis points since the beginning of March, reaching 4.79% late Tuesday and its highest level since January 2025. Despite the rise in yields, the S&P 500 remains up more than 11% in 2026 and was only about 2% below its August 13 record close after Tuesday’s decline.
