Morgan Stanley Strategist Mike Wilson Warns High Interest Rates Could Trigger Equity Correction
Mike Wilson from Morgan Stanley warns that rising global bond yields could lead to a significant correction in equity prices. The S&P 500 strategist notes a negative correlation between stock returns and yield increases, with the 10-year Treasury note briefly hitting 4.6%. Other market participants are also showing caution amid concerns about sustained high rates.
Topics: bond yields Mike Wilson Morgan Stanley stock market Treasury rates