Market Ethos - April 23rd, 2018


What Happens at 3.0%?


U.S. 10-year Treasury yields are on the cusp of breaching the 3.0% level. This has proven a critical level dating back to 2013. In this report we share our views on inflationary pressures, bond yields and how markets may react. Inflation pressures and higher bond yields are a big headwind for equity markets that will likely continue to drive market volatility during this late stage of the market cycle.