U.S. 10-Year Real Yield
The rise in the U.S. 10-year real yield anchors valuations: it won’t drag prices lower if earnings keep surging, but it caps multiple expansion and raises the odds of P/E compression if growth disappoints.
Image: J.P. Morgan
The rise in the U.S. 10-year real yield anchors valuations: it won’t drag prices lower if earnings keep surging, but it caps multiple expansion and raises the odds of P/E compression if growth disappoints.
Image: J.P. Morgan