(Reuters) - The yield on benchmark 10-year Treasury notes rose to 5.19 percent. Analysts say a decisive break above 5.15 percent could spook investors into selling stocks. Bond yields move inversely to prices.
"The move in yields is being used as an excuse for the pullback, but if you look at the fundamentals it will still make sense to buy stocks on weakness here," said Michael Darda, chief economist at MKM Partners LLC in Greenwich, Connecticut.
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"The move in yields is being used as an excuse for the pullback, but if you look at the fundamentals it will still make sense to buy stocks on weakness here," said Michael Darda, chief economist at MKM Partners LLC in Greenwich, Connecticut.
Read more at Reuters.com Business News
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