Bond Yield Spike Puts Equity Markets at Risk, Investors Caution

TLDR: The 30-year Treasury bond surpassed 5%, raising borrowing costs and pressuring stretched equity valuations across U.S. markets. The S&P 500 trades at 21.3x forward earnings, well above its 16x long-term average, leaving stocks exposed to a yield-driven selloff. First-quarter corporate profits rose nearly 28% year-over-year, with AI infrastructure spending emerging as a key growth [...]

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