**Rising Treasury Yields Pose Major Risk to Stocks**

The 3-month correlation between the **10-year Treasury yield** and the **S&P 500** has dropped to **-0.62**, the lowest in 15 years. Rising yields now strongly coincide with falling stocks.

During the **2022 bear market**, this correlation never fell below **-0.50**. After the **2008 Financial Crisis**, yields and equities moved together, backed by growth and earnings expectations.

Today, rising yields reflect inflation fears, pressuring stock valuations instead of signaling strength. The bond market remains a key indicator.

**[@futures](https://t.me/futures)