Wall Street analysts are warning that the deepening sell-off in the bond market could soon spread to the stock market. Treasury yields have spiked to levels not seen in decades, driven by macro, fiscal, and geopolitical concerns. Yields above 5% have historically caused pain for stock investors, and higher yields pressure stocks by offering a viable alternative investment. Steve Eisman wrote on Thursday that "a market correction seems imminent" as bonds tumbled again.
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