RBC’s Calvasina Says 5% Yield Would Challenge US Stock Bulls

Bullish calls on US stocks will be challenged if benchmark Treasury yields hit 5%, a level that usually depresses price-to-earnings ratios, according to Lori Calvasina, head of US equity strategy...

By Matt Clinch, Anna Edwards · Bloomberg Markets

Bullish calls on US stocks will be challenged if benchmark Treasury yields hit 5%, a level that usually depresses price-to-earnings ratios, according to Lori Calvasina, head of US equity strategy at RBC Capital Markets LLC.