Why a spike in the 10-year Treasury yield to 3% won’t be a death knell for stocks

It’s been rough patch for stocks with the Dow and the S&P 500 at risk of posting their first monthly loss in a year as investors fret about accelerating inflation and a spike in bond yields. But most Wall Street strategists believe that fears about inflation may be overblown and it will be a while before the 10-year Treasury yield hits 3%—a level that has often heralded a bear market in the past.