Survey: 10-Year Treasury Yield at 5% Could Trigger 10% Correction in US Equities

A recent Markets Pulse survey indicates that if the 10-year US Treasury yield reaches 5% to 5.25%, it could trigger a 10% decline in US stocks from their peak. Approximately 30% of the 122 respondents believe this yield level is sufficient to cause a correction. The yield has currently risen above 4.96%, marking a three-year high, with the chief economist at RSM stating that the market is on the verge of a correction.