10-year yield

CNBC's Matt Peterson says the stock market is reacting positively to the rise in the 10-year Treasury yield, arguing that the reason behind the climb matters more than the move itself. Investors appear to be reading the higher yield as a sign of economic strength rather than an inflation threat, keeping equities resilient even as borrowing costs edge up.

Investors are watching where the 10-year Treasury yield becomes a genuine problem for equities. A CNBC analysis looks at historical yield levels to identify the threshold at which rising rates have started weighing on stock valuations, as bond yields remain a central concern for markets.